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, because the economics literature on group decision making has, so far, assumed homogeneity within groups. In a lab experiment …
Persistent link: https://www.econbiz.de/10012029172
cogent evidence on the relationship between trust and risk in "trust" games. Subjects in our experiment participate either in …
Persistent link: https://www.econbiz.de/10003470471
In recent years a large number of experimental studies have documented the existence of strong reciprocity among humans. Strong reciprocity means that people willingly repay gifts and punish the violation of cooperation and fairness norms even in anonymous one-shot encounters with genetically...
Persistent link: https://www.econbiz.de/10011514175
In recent years a large number of experimental studies have documented the existence of strong reciprocity among humans. Strong reciprocity means that people willingly repay gifts and punish the violation of cooperation and fairness norms even in anonymous one-shot encounters with genetically...
Persistent link: https://www.econbiz.de/10001737652
works in anindividual decision experiment. Subjects are faced with a sequentialsearch problem. After extensive practice …
Persistent link: https://www.econbiz.de/10011283474
Using a laboratory experiment with nested local and global public goods, we analyze the stability of global groups when … individuals have the option to separate, according to the degree of decentralization of decision-making. We show that increasing …
Persistent link: https://www.econbiz.de/10011803271
situations are characterized by a very short time frame for decision making. Preferences are potentially susceptible to the … confounding effects of time pressure, as proposed by dual-systems theory (Evans, 2006; Kahneman and Frederick, 2002). Results of …. Embedding our results in dual-systems theory, how information is presented can serve as a potential means to exogenously …
Persistent link: https://www.econbiz.de/10011523286
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