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Does truth win when teams reason strategically?

Brosig-Koch, J. and Heinrich, T. and Helbach, C. (2014) 'Does truth win when teams reason strategically?', Economics letters., 123 (1). pp. 86-89.

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.

Item Type:Article
Full text:(AM) Accepted Manuscript
First Live Deposit - 25 October 2017
Available under License - Creative Commons Attribution Non-commercial No Derivatives.
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Status:Peer-reviewed
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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