Groupthink Reconsidered

1 January 1989

journal article
Published by Academy of Management in Academy of Management Review

Vol. 14 (1) , 40-56
https://doi.org/10.5465/amr.1989.4279001

Abstract

History and the daily newspaper provide examples of policy decisions made by groups that resulted in fiascoes. The making of such decisions is frequently attributed to the groupthink phenomenon. A different perspective on the occurrence of policy fiascoes, prospect polarization, is offered. This approach employs, in addition to the pressures for uniformity of groupthink, the notions of framing effects, risk seeking in the domain of losses, and group polarization. The applicability of these theoretical mechanisms to several notorious decision fiascoes, past and present, is discussed.

Keywords

This publication has 32 references indexed in Scilit:

ATTITUDES TOWARD RISK AND THE RISK-RETURN PARADOX: PROSPECT THEORY EXPLANATIONS.
The Academy of Management Journal, 1988
Experimental comparison of individual behavior under risk and under uncertainty for gains and for losses
Organizational Behavior and Human Decision Processes, 1987
Combining Individual Judgments
Published by Springer Nature ,1985
Escalation of commitment in individual and group decision making
Organizational Behavior and Human Performance, 1984
Negotiator Judgment
American Behavioral Scientist, 1983
TWO‐PIECE VON NEUMANN‐MORGENSTERN UTILITY FUNCTIONS*
Decision Sciences, 1979
A laboratory investigation of groupthink
Communication Monographs, 1978
Group decision and social interaction: A theory of social decision schemes.
Psychological Review, 1973
Variance preferences and variance shifts in group investment decisions
Organizational Behavior and Human Performance, 1970
An Analysis of Group Decisions Involving Risk ("The Risky Shift")
Human Relations, 1969