Showing 1 - 10 of 9,282
To fully understand the motives for delegating a decision right, it is important to study responsibility attributions … strong motive for the delegation of a decision right. Moreover, we propose a simple measure of responsibility and show that …
Persistent link: https://www.econbiz.de/10014216379
We study the choice of a principal to either delegate a decision to a group of careerist experts, or to consult them … individually and keep the decision-making power. Our model predicts a trade-off between information acquisition and information …
Persistent link: https://www.econbiz.de/10012549435
Informed by Grether and Plott (1979) and Cox and Grether (1996), we implement various preference elicitation procedures over a parameter grid. First, we find a lower incidence of preference reversals for probability equivalents from the dual-to-selling version of Becker, Degroot, and Marschak (1964;...
Persistent link: https://www.econbiz.de/10011757769
This paper experimentally investigates the difficulty subjects have in recognizing dominant strategies. We find, for example, that subjects playing the prisoner's dilemma game defect significantly more when they are asked to guess the move of their counterpart than when they are not so asked. We...
Persistent link: https://www.econbiz.de/10014152162
We studied the hypothesis that social value orientations are expressed automatically in behavior, as would be suggested by the social intuitionist model. We compared automatic and more deliberated decisions in the dictator game and confirmed that social values determine behavior when responses...
Persistent link: https://www.econbiz.de/10014051709
Economic small group research points to groups as more rational decision-makers in numerous economic situations … economic contexts dominated by group decision-making might be questioned. We consider the case of anchoring as a prime example … for predominantly intellective tasks, yet fails to improve decision-making when judgmental aspects are involved. …
Persistent link: https://www.econbiz.de/10010244653
Economic small group research points to groups as more rational decision-makers in numerous economic situations … economic contexts dominated by group decision-making might be questioned. We consider the case of anchoring as a prime example …
Persistent link: https://www.econbiz.de/10011525580
selection mechanisms in group decision-making. In a setting where all members of a group get the same payoff based on the group … leader's decision of how much risk to take, we study the effects of two treatment variables: (1) whether group members can …'s decision: the communicated preferences have a significant effect on the actual group decision only when the leader is appointed …
Persistent link: https://www.econbiz.de/10010222348
This paper reports the results of informational cascades experiments where two different decision-making systems, anti …
Persistent link: https://www.econbiz.de/10014068956
We review two fundamentally different ways that decision time is related to cooperation. First, studies have … experimentally manipulated decision time to understand how cooperation is related to the use of intuition versus deliberation …, correlational studies reveal that self-paced decision times are primarily related to decision conflict, not the use of intuition or …
Persistent link: https://www.econbiz.de/10014113978