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We refine the understanding of individual preferences across social lotteries, whereby the payoffs of a pair of subjects are exposed to random shocks. We find that aggregate behavior is ex-post and ex-ante inequality averse, but also that there is a wide variety of individual preferences and...
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an output validation of the model. First, the laboratory experiment generates data about individual and team cognition …Despite advances in the field, we still know little about the socio-cognitive processes of team decisions, particularly … their emergence from an individual level and transition to a team level. This study investigates team decision processes by …
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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 …
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We report an experiment examining risk taking and information aggregation in groups. Group members come to the table …
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