This paper experimentally studies the disposition effects of teams and individuals. The disposition effect describes … exhibit more pronounced disposition effects than individuals. A closer look reveals that investor teams hardly realize losses … and predominately sell winners. The data suggest that decision-dependent emotions may explain the differences. That is …

Our study compares individual and team bidding in standard auction formats: first-price, second-price and ascending … explained by better reasoning abilities of teams. Emotions play a role in determining bids, but the effect of emotions on …

leader's decision of how much risk to take, we study the effects of two treatment variables: (1) whether group members can …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 …

We study the choice of a principal to either delegate a decision to a group of careerist experts, or to consult them … individually and keep the decision-making power. Our model predicts a trade-off between information acquisition and information …

This paper studies experimentally when and how ideological motives shape outcomes in group decision-making scenarios …