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We compare inequality aversion in individuals and teams by means of both within- and between-subject experimental designs, and we investigate how teams aggregate individual preferences. We find that team decisions reveal less inequality aversion than individual initial proposals in team...
Persistent link: https://www.econbiz.de/10013033505
Persistent link: https://www.econbiz.de/10011625947
, because the economics literature on group decision making has, so far, assumed homogeneity within groups. In a lab experiment …
Persistent link: https://www.econbiz.de/10012019615
, because the economics literature on group decision making has, so far, assumed homogeneity within groups. In a lab experiment …
Persistent link: https://www.econbiz.de/10012029172
decision making in an interpersonal context. The influence of social comparison on risky choices is explored in an experiment …
Persistent link: https://www.econbiz.de/10011379362
Team decision-making prevails in modern organizations. Teams often need to decide whether to delegate or make a decision themselves. Recent work has found that many individuals assign a significantly positive intrinsic value to having a decision right, which may distort the choice between...
Persistent link: https://www.econbiz.de/10012388694
Many important intertemporal decisions are made by groups rather than individuals. What happens to collective decisions when there is internal conflict about the tradeoff between present and future has not been thoroughly investigated so far. We study experimentally the causal effect of group...
Persistent link: https://www.econbiz.de/10012418242
Many important intertemporal decisions are made by groups rather than individuals. What happens to collective decisions when there is internal conflict about the tradeoff between present and future has not been thoroughly investigated so far. We study experimentally the causal effect of group...
Persistent link: https://www.econbiz.de/10012415076
-price (English) auctions with independent private values. In a laboratory experiment, we find that individuals overbid more than …
Persistent link: https://www.econbiz.de/10012500699
impossible. Using the video method (Hennig-Schmidt, 1999) I further show in a bargaining experiment that behavior is goal …
Persistent link: https://www.econbiz.de/10011538681