Team decision-making prevails in modern organizations. Teams often need to decide whether to delegate or make a … reaching a decision have very high intrinsic values of decision rights, thus distorting decisions. Hence, the team decision … decision themselves. Recent work has found that many individuals assign a significantly positive intrinsic value to having a …

We study the choice of a principal to either delegate a decision to a group of careerist experts, or to consult them … individually and keep the decision-making power. Our model predicts a trade-off between information acquisition and information … can deliberate secretly. To test the model's key predictions, we run an experiment. The results from the laboratory …