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the theory of Team Reasoning (TR). Special consideration is given to TR's concept of opportunistic choice and to the … offered opportunities to improve on the team goal through changing this accustomed pattern of behavior. Our observations throw … considerable doubt on the idea of opportunistic team reasoning as a guide to coordination. Contrary to what TR would predict …
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shift responsibility to, like the leader in our three person game. -- Team production ; Trust ; Principal Agent ; Guilt …
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situation, it gets alleviated easily when the situation allows a shifting of responsibility. -- Team production ; Trust ; Choice …
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chosen team composition. Experimental data supports the direction of the main predictions, though it shows how and why … participants deviate from expected behavior. In particular, it shows that managers selecting a team composition closer to the … optimal predictions delegate better and have higher payoffs. Deviations from the optimal team composition are consistent with …
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We study the choice of a principal to either delegate a decision to a group of careerist experts, or to consult them individually and keep the decision-making power. Our model predicts a trade-off between information acquisition and information aggregation. On the one hand, the expected benefit...
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