Showing 1 - 10 of 236
We study the influence of reason and intuition on decision making over time. Facing a sequence of similar problems …, agents can either decide rationally according to expected utility theory or intuitively according to case-based decision …
Persistent link: https://www.econbiz.de/10010464891
This paper studies experimentally when and how ideological motives shape outcomes in group decision-making scenarios …
Persistent link: https://www.econbiz.de/10012383716
models typically assume an individual rational decision maker. A rapidly growing body of (experimental) literature … decision-making rules (unanimity, majority). We find that teams contribute significantly more and punish less than individuals …, regardless of the team decision rule. Overall, teams yield higher payoffs than individuals. …
Persistent link: https://www.econbiz.de/10010189837
This study measures the differences in ambiguity attitudes of groups and individuals in the gain and loss domain. We elicit the ambiguity attitudes and ambiguity-generated insensitivity for natural temperature events. We do not find significant differences between individuals and groups in our...
Persistent link: https://www.econbiz.de/10014431395
; we find that groups grant more autonomy to others than individuals. This finding is robust across two decision contexts …, one involving individual decision-making (Internality) and one involving social decision-making (Externality). Analyses of … individual and social contexts, and that transferring decision-making power to groups can lead to a “liberal shift”. …
Persistent link: https://www.econbiz.de/10015164673
We present a self- and social-signaling model formalizing findings in political psychology that moral and political judgments stem primarily from intuition and emotion, while reasoning serves to rationalize these intuitions to maintain an image of impartiality. In social interactions, agents’...
Persistent link: https://www.econbiz.de/10015404496
We determine the scoring rule that is most likely to select a high-ability candidate. A major result is that neither the widely used plurality rule nor the inverse-plurality rule are ever optimal, and that the Borda rule is hardly ever optimal. Furthermore, we show that only the almostplurality,...
Persistent link: https://www.econbiz.de/10011789019
, because the economics literature on group decision making has, so far, assumed homogeneity within groups. In a lab experiment …
Persistent link: https://www.econbiz.de/10012029172
decision. We report results from lab experiments focused on such information-collection processes. We consider decisions … decision accuracies over time. Furthermore, groups using majority rule yield especially hasty and inaccurate decisions …
Persistent link: https://www.econbiz.de/10012697146
In prosocial decisions, decision-makers are inherently uncertain about how their decisions impact others’ utility – we …
Persistent link: https://www.econbiz.de/10014576953