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Kocher, Martin G.; Strauß, Sabine; Sutter, Matthias (August 2006): Individual or team decision-making-Causes and consequences of self-selection. In: Games and Economic Behavior, Vol. 56, No. 2: pp. 259-270
Full text not available from 'Open Access LMU'.


Even though decision-making in small teams is pervasive in business and private life, little is known about subjects' preferences with respect to individual and team decision-making and about the consequences of respecting these preferences. We report the results from an experimental beauty-contest game where subjects could endogenously choose their preferred way of decision-making. About 60% of them preferred to decide in a team, and teams won the game significantly more often than individuals did. Nevertheless, both individuals and teams were highly satisfied with their chosen role, though for different reasons.