Viscusi, W. Kip; Phillips, Owen R.; Kroll, Stephan - 2012
which all subjects are fully informed of the probabilities and payoffs. Although there is full information, the lottery … decisions in a group context provides real-time information in which group members can observe others’ choices and revise their … behavior. Coupling real-time information with group decisions based on the median value, i.e., majority rule, makes the median …