8 research outputs found
Are groups more rational than individuals? A review of interactive decision making in groups
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
Individual versus group behavior and the role of the decision making procedure in gift-exchange experiments
Gift-exchange experiment, Group behavior, Individual behavior, Decision making, Reciprocity, C72, C91, C92, D70,
A model of strategic delegation in contests between groups
Strategic delegation, Contests, Rent seeking, Political economy, Arms races, Distributional conflict, D72, D73, D4, P16,