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| Author: | Kocher, M.G. Sutter, M. |
| Title: | The decision maker matters: individual versus group behaviour in experimental beauty-contest games |
| Journal: | Economic Journal
2005 : JAN, VOL. 115:500, p. 200-223 |
| Index terms: | Decision making Decision theory Group decision making |
| Language: | eng |
| Abstract: | This article compares the behaviour of individuals and small groups in an experimental beauty-contest game. The writers find that groups do not seem to be smarter decicion makers per se but that they learn faster than individuals. When groups compete against individuals, groups significantly outperform the individuals in terms of payoff. |
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