Our study compares individual and team bidding in standard auction formats: first-price, second-price and ascending …-price (English) auctions with independent private values. In a laboratory experiment, we find that individuals overbid more than …

Existing theoretical and experimental studies have established that unanimity is a poor decision rule for promoting … responsibility for the committee's decision is equally distributed across all agents. We test our predictions in a controlled … laboratory experiment. As predicted, if unanimity is required, subjects are more truthful, respond more to others' messages, and …

decision-making process of hiring committees within a large private company. In the hiring process, committee members first … decision. We find that committees' final hiring decisions are systematically less aligned with the initial recommendations of …

in a simple global game experiment. Our results indicate that the signal associated to the highest or second highest … response time at the beginning of the experiment are both unbiased estimates of the threshold employed by subjects at the end … of the experiment. This predictive ability is lost when we move to the third or higher response times. Moreover, the …

In an artefactual field experiment, we implemented a crowdfunding campaign for an institute's summer party and compared … contribution framing responded more strongly to reward thresholds and suggestions. An additional survey experiment on MTurk …

We provide an explanation for why committees may behave over-cautiously. A committee of experts makes a decision on a … world. In addition to a payoff linked to the adequateness of the committee's decision, each expert receives a disesteem … Innovation. Neben der Entlohnung, die von der Qualität der Entscheidung des Komitees abhängt, enthält der Nutzen eines jeden …