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Beyond Outcomes: Experimental Evidence on the Value of Agreement

Author

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  • Philippos Louis
  • Matias Núñez
  • Dimitrios Xefteris

Abstract

Does an individual assign a higher value to a group decision she has explicitly agreed with? Or does she only care about the intrinsic features of the outcome? Since it is difficult to address this question in natural settings, we employ a laboratory experiment where, after the group collectively decides on an issue, each individual may propose a revision to the group decision. We find that outcomes generated by congruent mechanisms i.e. procedures that incentivize subjects to agree with the winning alternative- are revised to a far lesser extent compared to outcomes generated by outcome-wise identical mechanisms that encourage disagreement.

Suggested Citation

  • Philippos Louis & Matias Núñez & Dimitrios Xefteris, 2018. "Beyond Outcomes: Experimental Evidence on the Value of Agreement," University of Cyprus Working Papers in Economics 05-2018, University of Cyprus Department of Economics.
  • Handle: RePEc:ucy:cypeua:05-2018
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    File URL: http://papers.econ.ucy.ac.cy/RePEc/papers/05-18.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    implementation; mechanism design; consensus; agreement; congruence; experiment; endorsements;

    JEL classification:

    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior

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