Same process, different outcomes: group performance in an acquiring a company experiment

A-Tier
Journal: Experimental Economics
Year: 2016
Volume: 19
Issue: 4
Pages: 764-791

Score contribution per author:

1.341 = (α=2.01 / 3 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Abstract It is still an open question when groups perform better than individuals in intellective tasks. We report that in an Acquiring a Company game, what prevailed when there was disagreement among group members was the median proposal and not the best proposal. This aggregation rule explains why groups underperformed with respect to a “truth wins” benchmark and why they performed better than individuals deciding in isolation in a simple version of the task but worse in the more difficult version. Implications are drawn on when to employ groups rather than individuals in decision making.

Technical Details

RePEc Handle
repec:kap:expeco:v:19:y:2016:i:4:d:10.1007_s10683-015-9467-7
Journal Field
Experimental
Author Count
3
Added to Database
2026-01-25