Preference Communication and Leadership in Group Decision-Making

Seda Ertaç and Mehmet Gurdal

Koç University-TUSIAD Economic Research Forum Working Papers from Koc University-TUSIAD Economic Research Forum

Abstract: We report results from a laboratory experiment that explores the effects of preference communication and leader selection mechanisms in group decision-making. In a setting where all members of a group get the same payoff based on the group leader’s decision of how much risk to take, we study the effects of two treatment variables: (1) whether group members can communicate their preferences to the leader, (2) whether the leader is exogenously appointed or voluntarily self-selects into the position. We find that the leader selection mechanism crucially affects the integration of group preferences into the leader’s decision: the communicated preferences have a significant effect on the actual group decision only when the leader is appointed. We also find that preference communication by non-leaders is frequently strategic.

Keywords: group decision-making; risk; leadership; delegation; advice; information; experiments. (search for similar items in EconPapers)
JEL-codes: C91 C92 D81 J16 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2013-12
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Citations: View citations in EconPapers (4)

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Journal Article: Preference Communication and leadership in group decision-making (2019)
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