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Toward a better understanding of team decision processes: combining laboratory experiments with agent-based modeling

Author

Listed:
  • Iris Lorscheid

    (University of Europe for Applied Sciences)

  • Matthias Meyer

    (Hamburg University of Technology)

Abstract

Despite advances in the field, we still know little about the socio-cognitive processes of team decisions, particularly their emergence from an individual level and transition to a team level. This study investigates team decision processes by using an agent-based model to conceptualize team decisions as an emergent property. It uses a mixed-method research design with a laboratory experiment providing qualitative and quantitative input for the model’s construction, as well as data for an output validation of the model. First, the laboratory experiment generates data about individual and team cognition structures. Then, the agent-based model is used as a computational testbed to contrast several processes of team decision making, representing potential, simplified mechanisms of how a team decision emerges. The increasing overall fit of the simulation and empirical results indicates that the modeled decision processes can at least partly explain the observed team decisions. Overall, we contribute to the current literature by presenting an innovative mixed-method approach that opens and exposes the black box of team decision processes beyond well-known static attributes.

Suggested Citation

  • Iris Lorscheid & Matthias Meyer, 2021. "Toward a better understanding of team decision processes: combining laboratory experiments with agent-based modeling," Journal of Business Economics, Springer, vol. 91(9), pages 1431-1467, November.
  • Handle: RePEc:spr:jbecon:v:91:y:2021:i:9:d:10.1007_s11573-021-01052-x
    DOI: 10.1007/s11573-021-01052-x
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    More about this item

    Keywords

    Agent-based modeling; Zero-intelligence agents; Team decision; Group processes; Cognition; Laboratory experiment;
    All these keywords.

    JEL classification:

    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
    • C92 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Group Behavior
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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