This study reports an experiment that examines whether groups can better comply with theoretical predictions than … individuals in contests. Our experiment replicates previous findings that individual players significantly overbid relative to … individual players. The new findings of our experiment are that groups make 25% lower bids, their bids have lower variance, and …

with Pareto-ranked equilibria. We report an experiment in which two groups compete in a weakest-link contest by expending …. As a result, intra-group communication decreases while inter-group communication increases payoffs. Our experiment thus …

This study reports an experiment that examines whether groups can better comply with theoretical predictions than … individuals in contests. Our experiment replicates previous findings that individual players significantly overbid relative to … individual players. The new findings of our experiment are that groups make 25% lower bids, their bids have lower variance, and …

This paper reports an experiment that examines whether groups can make better decisions than individuals in contests …. Our experiment replicates previous findings that individual players significantly overbid relative to theoretical … players. The new findings of our experiment are that groups make bids that are 25% lower, bids have less variance, and there …