WHEN CONSENSUS CHOICE DOMINATES INDIVIDUALISM: Jensen's Inequality and Collective Decisions under Uncertainty
NBER Working Paper No. 15172
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This research was supported in part by National Science Foundation grant SES-0911181. I am grateful for comments from Stephen Coate, Hanming Fang, and Aleksey Tetenov. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.