Shift towards risky decisions

Definition

When individuals in a group tend to make riskier choices collectively compared to what they would individually. This phenomenon can occur due to social pressure, conformity, and a desire for consensus within the group.

Related terms

Groupthink:

A phenomenon where members of a group prioritize harmony and conformity over critical thinking, leading to poor decision-making.

Risky shift: The tendency for groups to make riskier decisions than individuals would make alone.

Conformity:

Changing one's behavior or opinions in order to fit in with a group or society.