Impact of Socialized Uncertainty on Group Decision Making

“

"In our experiment, the participants gender did not impact decision making behavior but the socialized uncertainty factor was statistically significant in the logistic regression models. We found that when students were risk averse they take more information into consideration, such as the highly dynamic nature of changing conditions. This facet of decision making is useful in dealing with unexpected crises, such as the financial crisis of 2007-2008. Gender did not play a significant role in the decision making behavior of these young sample participants, probably due to the fact that the process of cognition and information processing is independent of gender." (p. 55)

”