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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/55339
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Kugler, Tamar | | en_US |
| dc.contributor.author | | Kausel, Edgar E. | | en_US |
| dc.contributor.author | | Kocher, Martin G. | | en_US |
| dc.date.accessioned | | 2012-02-14 | | en_US |
| dc.date.accessioned | | 2012-02-15T17:37:44Z | | - |
| dc.date.available | | 2012-02-15T17:37:44Z | | - |
| dc.date.issued | | 2012 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/55339 | | - |
| dc.description.abstract | | Many decisions are interactive; the outcome of one party depends not only on its decisions or on acts of nature but also on the decisions of others. In the present article, we review the literature on decision making made by groups of the past 25 years. Researchers have compared the strategic behavior of groups and individuals in many games: prisoner's dilemma, dictator, ultimatum, trust, centipede and principal-agent games, among others. Our review suggests that results are quite consistent in revealing that groups behave closer to the game-theoretical assumption of rationality and selfishness than individuals. We conclude by discussing future research avenues in this area. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | CESifo München | | en_US |
| dc.relation.ispartofseries | | CESifo working paper: Behavioural Economics 3701 | | en_US |
| dc.subject.jel | | C91 | | en_US |
| dc.subject.jel | | C92 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | group decision making | | en_US |
| dc.subject.keyword | | interactive decision making | | en_US |
| dc.subject.keyword | | rationality | | en_US |
| dc.subject.keyword | | discontinuity effect | | en_US |
| dc.subject.stw | | Gruppenentscheidung | | en_US |
| dc.subject.stw | | Soziale Beziehungen | | en_US |
| dc.subject.stw | | Rationales Verhalten | | en_US |
| dc.title | | Are groups more rational than individuals? A review of interactive decision making in groups | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 685229548 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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