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

AuteursM. Kocher, S. Strauß, M. Sutter
TitelIndividual or team decision-making - Causes and consequences of self-selection
TijdschriftGames and Economic Behaviour
Jaargang56
Jaar2006
Nummer2
Pagina's259-270
ISSN08998256
FaculteitFaculteit Economie en Bedrijfskunde
Instituut/afd.FEB: Research Institute in Economics and Econometrics Amsterdam (RESAM)
SamenvattingEven though decision-making in small teams is pervasive in business and private life, little is known about subjects' preferences with respect to individual and team decision-making and about the consequences of respecting these preferences. We report the results from an experimental beauty-contest game where subjects could endogenously choose their preferred way of decision-making. About 60% of them preferred to decide in a team, and teams won the game significantly more often than individuals did. Nevertheless, both individuals and teams were highly satisfied with their chosen role, though for different reasons. Keywords: Beauty-contest game; Team decision-making; Individual decision-making; Endogenous choice; Experiment JEL classification codes: C72; C91; C92; J21; M54
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