Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/230985
Authors: 
Buffat, Justin
Praxmarer, Matthias
Sutter, Matthias
Year of Publication: 
2020
Series/Report no.: 
Discussion Papers of the Max Planck Institute for Research on Collective Goods No. 2020/30
Abstract: 
Team decision-making prevails in modern organizations. Teams often need to decide whether to delegate or make a decision themselves. Recent work has found that many individuals assign a significantly positive intrinsic value to having a decision right, which may distort the choice between delegating a decision or not. Here we examine experimentally whether teams are also prone to such distortions. While in the aggregate we find no differences between individuals and teams, we uncover an important heterogeneity within teams. Teams with a smooth decision making process have much lower intrinsic values of decision rights than individuals, often not even significantly different from zero. Yet, teams with conflicts in reaching a decision have very high intrinsic values of decision rights, thus distorting decisions. Hence, the team decision making process is of significant importance for the decision-making quality in organizations.
Subjects: 
Decision rights
intrinsic value
team decision making
experiment
JEL: 
C92
D23
D80
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.