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The Decision Maker Matters: Individual versus Group Behaviour in Experimental Beauty-Contest Games
Kocher, Martin G.; Sutter, Matthias - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2004
Economics has devoted little attention so far as to whether the type of decision maker matters for economic decisions. However, many important decisions like those on monetary policy or a company's business strategy are made by (small) groups rather than an individual. We compare behaviour of...
Persistent link: https://www.econbiz.de/10005765178
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The Decision Maker Matters: Individual versus Group Behaviour in Experimental Beauty-Contest Games
Kocher, Martin G.; Sutter, Matthias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2004
Economics has devoted little attention so far as to whether the type of decision maker matters for economic decisions. However, many important decisions like those on monetary policy or a company’s business strategy are made by (small) groups rather than an individual. We compare behaviour of...
Persistent link: https://www.econbiz.de/10005866848
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Cross-Game Learning and Cognitive Ability in Auctions
Giebe, Thomas; Kocher, Martin G.; Schudy, Simeon; … - 2021
study experimentally to what extent cross-game learning can reduce overbidding in SPAs, taking into account cognitive skills … losses from high bids are more salient than in SPAs. Experience in FPAs causes substantial cross-game learning for … bid shading by cognitively more able participants, resulting in lower profits in FPAs. Thus, cross-game learning has the …
Persistent link: https://www.econbiz.de/10013314693
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Individual or team decision-making-Causes and consequences of self-selection
Kocher, Martin G.; Strauß, Sabine; Sutter, Matthias - Volkswirtschaftliche Fakultät, … - 2006
Even though decision-making in small teams is pervasive in business and private life, little is known about subjects' preferences with respect to individual and team decision-making and about the consequences of respecting these preferences. We report the results from an experimental...
Persistent link: https://www.econbiz.de/10011019492
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Co-employment of permanently and temporarily employed agents
Güth, Werner; Kocher, Martin G.; Popova, Vera - Volkswirtschaftliche Fakultät, … - 2012
One-shot interaction and repeated interaction often co-exist in the real world. We study possible behavioral effects of this co-existence in a principal-agent setting, in which a principal simultaneously employs a permanent and a temporary agent. Our experimental results indicate that there is...
Persistent link: https://www.econbiz.de/10011019644
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The Impact of Naïve Advice and Observational Learning in Beauty-contest Games
Kocher, Martin G.; Sutter, Matthias; Wakolbinger, Florian - Tinbergen Instituut - 2007
We study the impact of advice or observation on the depth of reasoning in an experimental beauty-contest game. Both sources of information trigger faster convergence to the equilibrium. Yet, we find that subjects who receive naïve advice outperform uninformed subjects permanently, whereas...
Persistent link: https://www.econbiz.de/10011255507
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Group Polarization in the Team Dictator Game reconsidered
Luhan, Wolfgang J.; Kocher, Martin G.; Sutter, Matthias - Tinbergen Instituut - 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-subjects design we re-examine group polarization by...
Persistent link: https://www.econbiz.de/10011256730
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Does Stake Size matter for Cooperation and Punishment?
Kocher, Martin G.; Martinsson, Peter; Visser, Martine - Tinbergen Instituut - 2006
The effects of stake size on cooperation and punishment are investigated using a public goods experiment. We find that an increase in stake size does neither significantly affect cooperation nor, interestingly, the level of punishment.
Persistent link: https://www.econbiz.de/10011257415
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Time is money - Time pressure, incentives, and the quality of decision-making
Kocher, Martin G.; Sutter, Matthias - Volkswirtschaftliche Fakultät, … - 2006
Many decisions in economics and finance have to be made under severe time pressure. Furthermore, payoffs frequently depend on the speed of decision-making, as, for instance, when buying and selling stocks. In this paper, we examine the influence of time pressure and time-dependent incentive...
Persistent link: https://www.econbiz.de/10010762403
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Gender pairing and bargaining-Beware the same sex!
Sutter, Matthias; Bosman, R.; Kocher, Martin G.; van … - Volkswirtschaftliche Fakultät, … - 2009
Persistent link: https://www.econbiz.de/10010737633