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. …

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 …

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 …