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  1. Individual vs. group decision-making: an experiment on dynamic choice under risk and ambiguity.Enrica Carbone, Konstantinos Georgalos & Gerardo Infante - 2019 - Theory and Decision 87 (1):87-122.
    This paper focuses on the comparison of individual and group decision-making, in a stochastic inter-temporal problem in two decision environments, namely risk and ambiguity. Using a consumption/saving laboratory experiment, we investigate behaviour in four treatments: individual choice under risk; group choice under risk; individual choice under ambiguity and group choice under ambiguity. Comparing decisions within and between decision environments, we find an anti-symmetric pattern. While individuals are choosing on average closer to the theoretical optimal predictions, compared to groups in the (...)
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  • A theory of unanimous jury voting with an ambiguous likelihood.Simona Fabrizi, Steffen Lippert, Addison Pan & Matthew Ryan - 2022 - Theory and Decision 93 (3):399-425.
    We examine collective decision-making in a jury voting game under the unanimity rule when voters have ambiguous beliefs. Unlike in existing studies (Ellis in Theoretical Economics 11:865–895, 2016; Fabrizi et al., in: AUT Economics Working Paper, 2021; Ryan in Theory and Decision 90:543–577, 2021), the locus of ambiguity is the likelihood function (signal precision) rather than the prior. This significantly alters the properties of symmetric equilibria. While prior ambiguity may induce multiple equilibria (Fabrizi et al., in: AUT Economics Working Paper, (...)
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