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Does group discussion lead to better informed and more strategic market entry decisions?

Zahra Murad ()

Economics Letters, 2016, vol. 144, issue C, 25-28

Abstract: We investigate the possibility of group discussion serving as an implicit information channel to eliminate biased entry decisions into experimental markets. We find that groups are more informed than individuals in their beliefs. Nevertheless they make similarly biased market entry decisions failing to learn from feedback and repetition.

Keywords: Experimental market entry games; Group decision making; Information (search for similar items in EconPapers)
JEL-codes: C72 C91 (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1016/j.econlet.2016.04.032

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