People do not always make riskier decisions in a group than when alone.

Question

Quizplus · Accepted Answer

This statement is supported by research showing that group decision-making can sometimes lead to more cautious decision-making and risk aversion, depending on factors such as the size and diversity of the group, the level of group cohesion, and the nature of the decision-making task. However, in some cases, group dynamics can also lead to riskier decision-making through processes such as group polarization or social loafing. Ultimately, the impact of group decision-making on risk-taking behavior depends on a complex interplay of individual and situational factors.

People Do Not Always Make Riskier Decisions in a Group