Groups make riskier decisions than individuals
James Stoner (MIT, 1961) discovered something counterintuitive: we assume committees and groups make safer, more cautious decisions. But the opposite is true! After group discussion, people shift toward more extreme positions—usually riskier ones. This "risky shift" is now understood as part of group polarization: groups amplify the initial tendencies of their members.
What minimum probability of success would you require before advising Mr. A to take the new job?
Social Comparison: We admire risk-takers. In discussion, we discover others are willing to take more risk than we assumed—so we shift to seem at least as bold.
Persuasive Arguments: Pro-risk arguments are more culturally acceptable to voice. The group hears more reasons to take risks than to be cautious, tipping the balance.
Diffusion of Responsibility: When the group decides together, no single person bears full blame if things go wrong. This makes risky choices feel safer.