Does truth win when teams reason strategically?

Brosig-Koch, J.; Heinrich, T.; Helbach, C.

doi:10.1016/j.econlet.2014.01.016

Does truth win when teams reason strategically?

Brosig-Koch, J.; Heinrich, T.; Helbach, C.

Authors

J. Brosig-Koch

T. Heinrich

C. Helbach

Abstract

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.

Citation

Brosig-Koch, J., Heinrich, T., & Helbach, C. (2014). Does truth win when teams reason strategically?. Economics Letters, 123(1), 86-89. https://doi.org/10.1016/j.econlet.2014.01.016

Journal Article Type	Article
Acceptance Date	Jan 17, 2014
Online Publication Date	Jan 27, 2014
Publication Date	Apr 1, 2014
Deposit Date	Aug 17, 2017
Publicly Available Date	Oct 25, 2017
Journal	Economics Letters
Print ISSN	0165-1765
Publisher	Elsevier
Peer Reviewed	Peer Reviewed
Volume	123
Issue	1
Pages	86-89
DOI	https://doi.org/10.1016/j.econlet.2014.01.016
Public URL	https://durham-repository.worktribe.com/output/1349550

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http://creativecommons.org/licenses/by-nc-nd/4.0/

Copyright 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/