A group of people who must reach a consensus on an acceptable level of risk often decide on a level of risk lower than the risk they would accept as individuals is known as risky shift.

Question

Quizplus · Accepted Answer

The statement is incorrect. The described phenomenon is actually known as cautious shift, where a group tends to choose a lower level of risk than individuals would choose on their own. The term risky shift, on the other hand, refers to the tendency for groups to make riskier decisions than individuals would make on their own.

A Group of People Who Must Reach a Consensus on an Acceptable