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of a well-established, robust bias. Individual and group biasedness in three economically relevant domains are compared …
Persistent link: https://www.econbiz.de/10010244653
incentives for unbiased decisions and feedback on performance to more accurately implement market conditions. Despite these … factors, we find robust effects for the social anchor, an increased bias for higher cognitive load, and only weak learning … effects. Finally, a comparison to a neutral, external anchor shows that the social context increases the bias, which we …
Persistent link: https://www.econbiz.de/10010254994
We investigate how the anchoring effect-a well-established cognitive bias-influences the full distribution of … effect on higher moments of the distribution remains unexplored. Through a pre-registered online experiment (N=732), we find …
Persistent link: https://www.econbiz.de/10014515782
Persistent link: https://www.econbiz.de/10012031171
of a well-established, robust bias. Individual and group biasedness in three economically relevant domains are compared …
Persistent link: https://www.econbiz.de/10011527050
of a well-established, robust bias. Individual and group biasedness in three economically relevant domains are compared …
Persistent link: https://www.econbiz.de/10010954343
designs, and we investigate how teams aggregate individual preferences. We find that team decisions reveal less inequality … aversion than individual initial proposals in team decision-making. However, teams are no more selfish than individuals who … decide in isolation. Individuals express strategically more inequality aversion in their initial proposals in team decision …
Persistent link: https://www.econbiz.de/10010359304
dictator game. In our experiment teams are more selfish than individuals, and the most selfish team member has the strongest …While most papers_new on team decision-making find teams to behave more selfish, less trusting and less altruistic than …-subjects design we re-examine group polarization by letting subjects make individual as well as team decisions in an experimental …
Persistent link: https://www.econbiz.de/10011349704
Persistent link: https://www.econbiz.de/10010463079
This paper experimentally studies the disposition effects of teams and individuals. The disposition effect describes the phenomenon that investors are reluctant to realize losses, whereas winners are sold too early. Our experiments compare the investments of two-person teams to a setting where...
Persistent link: https://www.econbiz.de/10011325703