. Besides making choices, decision makers have to state their first- and second-order beliefs. We find that teams play the Nash …We present an experiment on strategic thinking and behavior of individuals and teams in one-shot normal-form games … to textbook rationality. Using a mixture model, the estimated probability to play strategically is 62% for teams, but …

affects the behavior of committee members and the decision-making accuracy. Our theoretical analysis generates two major … among committee members. As a consequence, a status-quo bias arises. Our laboratory results confirm these predictions …

In this paper, we examine the determinants of decision-making power by children and young adolescents. Moving beyond … of parental control of child behavior and child resistance. Using child reports of decision-making and psychological and … cognitive measures from the NLSY79 Child Supplement, we examine the determinants of shared and sole decision-making in seven …

individually and keep the decision-making power. Our model predicts a trade-off between information acquisition and information …We study the choice of a principal to either delegate a decision to a group of careerist experts, or to consult them …

received the same performance – independent hourly wage. Cutting both team members' wages caused a substantial decrease in … performance. When only one team member's wage was cut, the performance decrease for the workers who received the cut was more than … depends on the wages paid to coworkers. Workers were assigned to teams of two, performed identical individual tasks, and …

this paper, however, we demonstrate that this may not hold in team settings. In the context of sequential team production …

assigned within teams and how this affects team performance. Subjects play the takeover game in pairs consisting of a buyer and … endogenous role assignment and chat unexpectedly worsens team performance. We argue that ego depletion provides a likely …Team success relies on assigning team members to the right tasks. We use controlled experiments to study how roles are …