learning experiment. We find that virtual communication leads to a substantial deterioration of group rationality for a …-based organizations. To test the robustness of higher group rationality under conditions of virtual communication, we conduct a social … shown for face-toface decision making, which has ceased to be the prevalent form of communication in many IT …

We introduce "group cohesion" to study the economic relevance of social relationships in team production. We …

In our laboratory experiment, subjects, in sequence, have to predict the value of a good. The second subject in the … another experiment, we directly test the LRTU model and find support for it. …

and individual learning, the key parameter is shown to be the degree of rationality of the learning agents: Learning the …Recent literature shows that learning in oligopoly games might in the long run result in the Cournot or in the Walras … equilibrium. Which outcome is achieved seems to depend on the underlying learning dynamics. This paper analyzes the forces behind …

commons through institutional change or communication. Teams of five players are placed in a dynamic CPR environment with … inefficient institutional settings. The results clearly show the vital importance of communication. At the same time, the groups …

reducing efforts. In our experiment we control the channels of communication by letting subjects communicate through an … efforts. We use team members? dialogues to explain these effects of communication, and check the robustness of our results. …We study the effects of communication in an experimental tournament between teams. When teams, rather than individuals …

reducing efforts. In our experiment we control the channels of communication by letting subjects communicate through an … efforts. We use team members’ dialogues to explain these effects of communication, and check the robustness of our results. …We study the effects of communication in an experimental tournament between teams. When teams, rather than individuals …