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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 …
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Many important decisions require strategic sophistication. We examine experimentally whether teams act more strategically than individuals. We let individuals and teams make choices in simple games, and also elicit first- and second-order beliefs. We find that teams play the Nash equilibrium...
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