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This paper experimentally studies the disposition effects of teams and individuals. The disposition effect describes the phenomenon that investors are reluctant to realize losses, whereas winners are sold too early. Our experiments compare the investments of two-person teams to a setting where...
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We report results from a laboratory experiment that explores the effects of preference communication and leader 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...
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investigates team decisions in different settings. We study team decisions in a public goods contribution game with a costly … punishment option and compare it to the behavior of individuals in a laboratory experiment. We also consider different team …, regardless of the team decision rule. Overall, teams yield higher payoffs than individuals …
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