Brosig-Koch, J. and Heinrich, T. and Helbach, C. (2014) 'Does truth win when teams reason strategically?', Economics letters., 123 (1). pp. 86-89.
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.
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|Publisher Web site:||https://doi.org/10.1016/j.econlet.2014.01.016|
|Publisher statement:||© 2014 This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/|
|Record Created:||25 Oct 2017 09:43|
|Last Modified:||25 Oct 2017 11:50|
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