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Does truth win when teams reason strategically?
Citation Link: https://doi.org/10.15480/882.4664
Publikationstyp
Journal Article
Date Issued
2014-01-27
Sprache
English
TORE-DOI
TORE-URI
Journal
Volume
123
Issue
1
Start Page
86
End Page
89
Citation
Economics Letters 123 (1): 86-89 (2014-04)
Publisher DOI
Scopus ID
Publisher
Elsevier
We study behavior in the race game with the aim of assessing whether teams can create synergies. The race game has the advantage that the optimal strategy depends neither on beliefs about other players nor on distributional or efficiency concerns. Our results reveal that teams not only outperform individuals but that they can also beat the "truth-wins" benchmark. In particular, varying the length of the race game we find that the team advantage increases with the complexity of the game.
Subjects
Race game
Strategic reasoning
Team decision making
DDC Class
330: Wirtschaft
Publication version
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