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Zoekopdracht: faculteit: "FEB" en publicatiejaar: "2006"

AuteursR.A.J. Bosman, H. Hennig-Schmidt, F.A.A.M. van Winden
TitelExploring group decision making in a power-to-take experiment
TijdschriftExperimental Economics
Jaargang9
Jaar2006
Nummer1
Pagina's35-51
ISSN13864157
FaculteitFaculteit Economie en Bedrijfskunde
Instituut/afd.FEB: Amsterdam School of Economics Research Institute (ASE-RI)
SamenvattingMost 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
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