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Query: faculty: "FEB" and publication year: "2006"

AuthorsR.A.J. Bosman, H. Hennig-Schmidt, F.A.A.M. van Winden
TitleExploring group decision making in a power-to-take experiment
JournalExperimental Economics
Volume9
Year2006
Issue1
Pages35-51
ISSN13864157
FacultyFaculty of Economics and Business
Institute/dept.FEB: Amsterdam School of Economics Research Institute (ASE-RI)
AbstractMost studies that compare individual and group behavior neglect the in-group decision making process. This paper explores the decision making process within groups in a strategic setting: a two player power-to-take experiment. Discussions preceding group decisions are video taped and analyzed. We find the following: (1) no impact of the group setting as such on individual behavior; (2) heterogeneity of individual types; (3) perceptions of fairness are hardly discussed and are prone to the self-serving bias; (4) groups ignore the decision rule of other groups and typically view them as if they were single agents. (5) We also show that to explain group outcomes two factors have to be taken into account that are often neglected: the distribution of individual types over groups and the decision rules that groups use to arrive at their decision.
Keywords Groups - Decision rule - Fairness - Experiment - Video

JEL Classification A12 · C72 · C91 · C92
Document typeArticle
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