We model a managerial decision environment in which a manager both determines the skill heterogeneity of her workers … chosen team composition. Experimental data supports the direction of the main predictions, though it shows how and why … participants deviate from expected behavior. In particular, it shows that managers selecting a team composition closer to the …

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 … can deliberate secretly. To test the model's key predictions, we run an experiment. The results from the laboratory …