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 …

We report an experiment examining risk taking and information aggregation in groups. Group members come to the table … information with fellow group members. They then make a decision under risk on behalf of the group using a random dictatorship … mechanism, as well as an individual decision. Our analysis reveals that, while the behavior of many subjects is consistent with …

We examine the relationship between confidence in own absolute performance and risk attitudes using two confidence … elicitation procedures: self-reported (non-incentivised) confidence and an incentivised procedure that elicits the certainty … risk attitudes. Finally, we find that self-reported confidence correlates significantly with features of individual risk …

, and a hierarchical mechanism team output is allocated by a team leader. Our experiment examines these mechanisms in both …We study, experimentally, how two alternative incentive mechanisms affect team performance, and how a team chooses … between alternative mechanisms. We study a group incentive mechanism, where team output is shared equally among team members …

an experiment with piece-rate incentives we find that the comparative static and the point predictions on effort … provision are remarkably accurate. We also present experimental findings from three classic experiments, namely, team production …