Are four heads better than two? An experimental beauty-contest game with teams of different size

Matthias Sutter ()

Papers on Strategic Interaction from Max Planck Institute of Economics, Strategic Interaction Group

Abstract: 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 (search for similar items in EconPapers)
JEL-codes: C72 C91 (search for similar items in EconPapers)
Date: 2004-03
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Journal Article: Are four heads better than two? An experimental beauty-contest game with teams of different size (2005)
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