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We report a controlled laboratory experiment examining risk-taking and information aggregation in groups facing a … common risk. The experiment allows us to examine how subjects respond to new information, in the form of both privately …
Persistent link: https://www.econbiz.de/10011444297
We report an experiment examining risk taking and information aggregation in groups. Group members come to the table … with an individual preference for a choice under risk, based on privately received information, and can share this … information with fellow group members. They then make a decision under risk on behalf of the group using a random dictatorship …
Persistent link: https://www.econbiz.de/10010392398
We report a controlled laboratory experiment examining risk-taking and information aggregation in groups facing a … common risk. The experiment allows us to examine how subjects respond to new information, in the form of both privately …
Persistent link: https://www.econbiz.de/10010515798
We report an experiment examining risk taking and information aggregation in groups. Group members come to the table … with an individual preference for a choice under risk, based on privately received information, and can share this … information with fellow group members. They then make a decision under risk on behalf of the group using a random dictatorship …
Persistent link: https://www.econbiz.de/10010371298
Persistent link: https://www.econbiz.de/10011506831
Persistent link: https://www.econbiz.de/10012404602
We use a laboratory gift-exchange game to examine decisions made by groups under three different procedures that dictate how group members interact and reach decisions in comparison to individuals acting alone. We find that group decisions do deviate from those of individuals, but the direction...
Persistent link: https://www.econbiz.de/10010268757
We use a laboratory gift-exchange game to examine decisions made by groups under three different procedures that dictate how group members interact and reach decisions in comparison to individuals acting alone. We find that group decisions do deviate from those of individuals, but the direction...
Persistent link: https://www.econbiz.de/10005822671
Persistent link: https://www.econbiz.de/10011634825
Persistent link: https://www.econbiz.de/10011549341