We present an experiment on strategic thinking and behavior of individuals and teams in one-shot normal-form games …. Besides making choices, decision makers have to state their first- and second-order beliefs. We find that teams play the Nash …

We present an experiment on strategic thinking and behavior of individuals and teams in one-shot normal-form games …. Besides making choices, decision makers have to state their first- and second-order beliefs. We find that teams play the Nash …

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 …