Individual or team decision-making - Causes and consequences of self-selection

• 成果类型: Article
• 署名作者: Kocher, Martin; Strauss, Sabine; Sutter, Matthias
• 署名单位: Max Planck Society; University of Innsbruck; University of Cologne
• 刊物名称: GAMES AND ECONOMIC BEHAVIOR
• ISSN/ISSBN: 0899-8256
• DOI: 10.1016/j.geb.2005.08.009
• 发表日期: 2006
• 页码: 259-270
• 关键词: beauty-contest game; team decision-making; Individual decision-making; endogenous choice; experiment

摘要

Even 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. (c) 2005 Elsevier Inc. All rights reserved.