Are Four Heads Better than Two? An Experimental Beauty-Contest Game with Teams of Different Size
13 Pages Posted: 18 Mar 2004
Date Written: March 16, 2004
We examine the influence of team size on decision making in a beauty-contest experiment. Teams with four members outperform teams with two members and single persons significantly, whereas the latter two types of decision makers do not differ.
Keywords: Team decision making, team size, beauty-contest experiment
JEL Classification: C72, C91
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