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Our study compares individual and team bidding in standard auction formats: first-price, second-price and ascending …-price (English) auctions with independent private values. In a laboratory experiment, we find that individuals overbid more than …
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Team decision-making prevails in modern organizations. Teams often need to decide whether to delegate or make a … reaching a decision have very high intrinsic values of decision rights, thus distorting decisions. Hence, the team decision … decision themselves. Recent work has found that many individuals assign a significantly positive intrinsic value to having a …
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We run an online experiment to study the origins of algorithm aversion. Participants are either in the role of workers … 1 and 2. They choose whether the hiring decision between themselves and another worker is made either by a participant …
Persistent link: https://www.econbiz.de/10013383463
We run an online experiment to study the origins of algorithm aversion. Participants are either in the role of workers … 1 and 2. They choose whether the hiring decision between themselves and another worker is made either by a participant …
Persistent link: https://www.econbiz.de/10013387750
discrimination. To reveal the limitations of this taxonomy and enrich it psychologically, we design a hiring experiment that rules … forms of discrimination identified in our experiment. …
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aversion than individual initial proposals in team decision-making. However, teams are no more selfish than individuals who … decide in isolation. Individuals express strategically more inequality aversion in their initial proposals in team decision … designs, and we investigate how teams aggregate individual preferences. We find that team decisions reveal less inequality …
Persistent link: https://www.econbiz.de/10010359304
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