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Experimental Economics

, Volume 9, Issue 1, pp 35–51 | Cite as

Exploring group decision making in a power-to-take experiment

  • Ronald Bosman
  • Heike Hennig-Schmidt
  • Frans van Winden
Article

Abstract

Most studies that compare individual and group behavior neglect the in-group decision making process. This paper explores the decision making process within groups in a strategic setting: a two player power-to-take experiment. Discussions preceding group decisions are video taped and analyzed. We find the following: (1) no impact of the group setting as such on individual behavior; (2) heterogeneity of individual types; (3) perceptions of fairness are hardly discussed and are prone to the self-serving bias; (4) groups ignore the decision rule of other groups and typically view them as if they were single agents. (5) We also show that to explain group outcomes two factors have to be taken into account that are often neglected: the distribution of individual types over groups and the decision rules that groups use to arrive at their decision.

Keywords

Groups Decision rule Fairness Experiment Video 

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Copyright information

© Springer Science + Business Media, LLC 2006

Authors and Affiliations

  • Ronald Bosman
    • 1
  • Heike Hennig-Schmidt
    • 2
  • Frans van Winden
    • 3
  1. 1.Monetary and Economic Policy DepartmentDe Nederlandsche BankAmsterdam
  2. 2.Department of Economics, Laboratorium für experimentelle WirtschaftsforschungBonn UniversityBonnGermany
  3. 3.CREED/Department of EconomicsUniversity of AmsterdamAmsterdamThe Netherlands

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