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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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. Messages affect wages because employees give managers advice to set higher wages, usually explaining that this will result in … higher effort. This advice prompts managers to try higher wages, helping them learn that raising wages increases their … the critical role of learning in generating gains from positive gift exchange. Copyright Economic Science Association 2013 …
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