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Risk taking and information aggregation in groups
Bougheas, Spiros P.; Nieboer, Jeroen; Sefton, Martin - 2015
We report a controlled laboratory experiment examining risk-taking and information aggregation in groups facing a common risk. The experiment allows us to examine how subjects respond to new information, in the form of both privately observed signals and signals reported from others. We find...
Persistent link: https://www.econbiz.de/10010515798
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Risk taking and information aggregation in groups
Bougheas, Spiros P.; Nieboer, Jeroen; Sefton, Martin - 2014
We report an experiment examining risk taking and information aggregation in groups. Group members come to the table with an individual preference for a choice under risk, based on privately received information, and can share this information with fellow group members. They then make a decision...
Persistent link: https://www.econbiz.de/10010371298
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The effect of intragroup communication on preference shifts in groups
Brady, Michael P. (contributor); Wu, Steven Y. (contributor) - 2008
group members are critical for determining group outcomes. -- Group behavior ; teams ; decision making ; social preferences …
Persistent link: https://www.econbiz.de/10003688779
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The value of verbal feedback in allocation decisions
Schmidt, Robert J.; Schwieren, Christiane; Vollmann, Martin - 2020
Depending on the context at hand, people's preference for receiving feedback might differ. Especially in allocation decisions that directly concern another individual, feedback from the affected person can have positive or negative value. We study such preferences in a laboratory experiment by...
Persistent link: https://www.econbiz.de/10012169494
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Group polarization in the team dictator game reconsidered
Luhan, Wolfgang J.; Kocher, Martin; Sutter, Matthias - 2006 - This version: 8 August 2006
While most papers_new on team decision-making find teams to behave more selfish, less trusting and less altruistic than … individuals, Cason and Mui (1997) report that teams are more altruistic than individuals in a dictator game. Using a within … dictator game. In our experiment teams are more selfish than individuals, and the most selfish team member has the strongest …
Persistent link: https://www.econbiz.de/10011349704
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The Effect of Intragroup Communication on Preference Shifts in Groups
Brady, Michael P.; Wu, Steven Y. - Institute for the Study of Labor (IZA) - 2008
We use a laboratory gift-exchange game to examine decisions made by groups under three different procedures that dictate how group members interact and reach decisions in comparison to individuals acting alone. We find that group decisions do deviate from those of individuals, but the direction...
Persistent link: https://www.econbiz.de/10005822671
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Playing a game or making a decision? : methodological issues in the measurement of distributional preferences
Greiff, Matthias; Ackermann, Kurt A.; Murphy, Ryan O. - In: Games 9 (2018) 4/80, pp. 1-25
In terms of role assignment and informational characteristics, different contexts have been used when measuring distributional preferences. This could be problematic as contextual variance may inadvertently muddle the measurement process. We use a within-subjects design and systemically vary...
Persistent link: https://www.econbiz.de/10011993280
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Preference communication and leadership in group decision-making
Ertac, Seda; Gurdal, Mehmet Y. - 2013 - First Version: July 2012, This Version: October 2013
We report results from a laboratory experiment that explores the effects of preference communication and leader selection mechanisms in group decision-making. In a setting where all members of a group get the same payoff based on the group leader's decision of how much risk to take, we study the...
Persistent link: https://www.econbiz.de/10010222348
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From individual choices to the 4-eyes-principle : the big robber game revisited among financial professionals and students
Bachler, Sebastian; Holzknecht, Armando; Huber, Jürgen; … - 2024
While headline news frequently report cases of large-scale fraud, corruption, and other immoral behavior, laboratory experiments often show prosocial behavior in strategic games. To reconcile and explain these seemingly conflicting observations, Al'os-Ferrer et al. (2022) introduced the Big...
Persistent link: https://www.econbiz.de/10014507161
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A portfolio of dilemmas : experimental evidence on choice bracketing in a mini-trust game
Ding, Jieyao - 2012
Bracketing is a mental procedure about how people deal with multiple tasks. If a decision maker handles all the tasks at the same time, it is called broad bracketing. If she handles the tasks separately, e.g., one or a few tasks each time, it is called narrow bracketing. This paper...
Persistent link: https://www.econbiz.de/10009518332