Decision-makers use social information to update their preferences but choose for others as they do for themselves

People's risky decisions are susceptible to the social context in which they take place. Across three experiments using different paradigms, we investigated the influence of three social factors upon participants' decisions: the recipient of the decision-making outcome (self, other, or joint), the nature of the relationship with the other agent (friend, stranger, or teammate), and the type of information that participants received about others' preferences: none at all, general information about how previous participants had decided, or information about a specific partner's preference. We found that participants' decisions about risk did not differ according to whether the outcome at stake was their own, another agent's, or a joint outcome, nor according to the type of information available. Participants did, however, adjust their preferences for risky options in light of social information.     

Corporate Social Responsibility Practices of Colombian Companies as Perceived by Industrial Engineering Students

Science and Engineering Ethics - This work describes the perceptions that Industrial Engineering students have regarding Colombian firms’ corporate social responsibility (CSR) practices. It...     

Ethical Decision Making in Autonomous Vehicles: The AV Ethics Project

Science and Engineering Ethics - The ethics of autonomous vehicles (AV) has received a great amount of attention in recent years, specifically in regard to their decisional policies in accident...     

Does classroom social comparison bias students’ evaluation of their own competence?

Social Psychology of Education - Overestimation and underestimation of students’ own competence result from social comparison in the classroom. There is some evidence that secondary school...     

Do dogs rescue their owners from a stressful situation? A behavioral and physiological assessment

Animal Cognition - Rescue behavior is considered a type of pro-social response, defined as a voluntary action directed to benefit another individual who is in a stressful or dangerous situation. In...