Taking too many risks decreases the effectiveness of decision making behavior which we know was a causal factor in the 2007-2008 global financial crises. Many stakeholders in society are concerned about the effectiveness of decision making behavior for our future generation of leaders. Risk taking behavior has been studied in the context of cultural factors (including gender) or decision making but rarely have both of these dimensions been examined simultaneously especially with emerging business leaders.
Decision making behavior has not been studied at the group level of analysis in the context of socialized culture using samples of young emerging executives. Therefore, we conducted a controlled experiment with senior university students to test the impact of risk taking culture and gender on group decision making behavior in a complex project. We conducted a controlled experiment with senior university students to test the impact of risk taking culture and gender on group decision making behavior in a complex project.