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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/10011349704
This paper reports results from a laboratory experiment studying the role of asymmetries, both in payoffs and recognition probabilities, in a model of strategic bargaining with Condorcet cycles. Overall, we find only limited support for the equilibrium predictions. The main deviations from...
Persistent link: https://www.econbiz.de/10010532580
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competitiveness: via an impact on risk aversion, via an impact on performance, and via an impact on overconfidence. None of these hold …
Persistent link: https://www.econbiz.de/10011378957
Theoretical analyses of (optimal) performance measures are typically performed within the realm of the linear agency model. This model implies that, for a given compensation scheme, the agent’s optimal effort is unrelated to the amount of noise in the performance measure. In contrast,...
Persistent link: https://www.econbiz.de/10011343251
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We experimentally study the effect of information about competitors ́actions on cartel stability and firms ́incentives … to form cartels in Cournot markets. As in previous experiments, markets become very competitive when individualized … information is available and participants cannot communicate. In contrast, when communication is possible, results reverse …
Persistent link: https://www.econbiz.de/10010532614
sources of information trigger faster convergence to the equilibrium. Yet, we find that subjects who receive naïve advice …We study the impact of advice or observation on the depth of reasoning in an experimental beauty-contest game. Both …
Persistent link: https://www.econbiz.de/10011350357
laboratory experiments with human subjects are also discussed. …
Persistent link: https://www.econbiz.de/10011376458
This study attempts to combine two traditional fields in microeconomics: individual decision making under risk and … referent so strategic behavior or social preferences can play no role. We find that decision makers are more risk-averse in the …
Persistent link: https://www.econbiz.de/10011379362