Individual or team decision-making-Causes and consequences of self-selection
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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|Date of creation:||Aug 2006|
|Date of revision:|
|Publication status:||Published in Games and Economic Behavior 2 56(2006-08): pp. 259-270|
|Contact details of provider:|| Postal: |
Web page: http://www.vwl.uni-muenchen.de
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