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Individual or team decision-making--Causes and consequences of self-selection

  • Kocher, Martin
  • Strau[ss], Sabine
  • Sutter, Matthias

Even though decision-making in small teams is pervasive in business and private life, little is known about subjects' preferences with respect to individual and team decision-making and about the consequences of respecting these preferences. We report the results from an experimental beauty-contest game where subjects could endogenously choose their preferred way of decision-making. About 60% of them preferred to decide in a team, and teams won the game significantly more often than individuals did. Nevertheless, both individuals and teams were highly satisfied with their chosen role, though for different reasons.

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File URL: http://www.sciencedirect.com/science/article/pii/S0899-8256(05)00107-7
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Article provided by Elsevier in its journal Games and Economic Behavior.

Volume (Year): 56 (2006)
Issue (Month): 2 (August)
Pages: 259-270

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Handle: RePEc:eee:gamebe:v:56:y:2006:i:2:p:259-270
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/622836

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  15. Gary Bornstein & Ilan Yaniv, 1998. "Individual and Group Behavior in the Ultimatum Game: Are Groups More “Rational” Players?," Experimental Economics, Springer, vol. 1(1), pages 101-108, June.
  16. Rockenbach, Bettina & Sadrieh, Abdolkarim & Mathauschek, Barbara, 2007. "Teams take the better risks," Journal of Economic Behavior & Organization, Elsevier, vol. 63(3), pages 412-422, July.
  17. Colin Camerer & Teck Ho & Kuan Chong, 2003. "Models of Thinking, Learning, and Teaching in Games," American Economic Review, American Economic Association, vol. 93(2), pages 192-195, May.
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