Abstract
An individual's decision to cooperate or to compete, and the antecedents and consequences of that choice, continue to occupy the attention of social theorists, researchers, and policy makers. Despite this concern, many questions about the quality of decisions emerging from cooperative and competitive relationships remain unanswered. One of these questions, surprisingly neglected by researchers, is whether or not cooperation and competition differentially influence risk-taking. The present study represented an initial attempt at providing an answer by exploring the effects of cooperation-competition upon the riskiness of decisions made by members of a dyad. The dyads observed in this study consisted of friends who chose either to cooperate or to compete in playing a carnival game. Was there any reason to expect that more risk would be taken under one than under the other condition? Kogan and Wallach (1967) have accounted for the risky shift phenomenon (the greater tendency toward risk among groups than
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