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In hierarchical organizations the role of a team leader often requires making decisions which do not necessarily … coincide with the majority opinion of the team. However, these decisions are final and binding for all team members. We study … experimentally why, and under which conditions, leaders resort to such decisions. In our experiment, teams are presented with several …
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This paper explores the effect of personality traits on: (1) the willingness to make risk-taking decisions on behalf of a group, (2) the nature of "choice shifts", i.e. the difference between the amount of risk taken in the group context and individually. Openness and agreeableness emerge as...
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