Does group discussion lead to better informed and more strategic market entry decisions?

被引:3
作者
Murad, Zahra [1 ]
机构
[1] Univ Surrey, Fac Arts & Social Sci, Sch Econ, Guildford GU2 7XH, Surrey, England
关键词
Experimental market entry games; Group decision making; Information; OVERCONFIDENCE;
D O I
10.1016/j.econlet.2016.04.032
中图分类号
F [经济];
学科分类号
02 ;
摘要
We investigate the possibility of group discussion serving as an implicit information channel to eliminate biased entry decisions into experimental markets. We find that groups are more informed than individuals in their beliefs. Nevertheless they make similarly biased market entry decisions failing to learn from feedback and repetition. (C) 2016 The Author. Published by Elsevier B.V. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/).
引用
收藏
页码:25 / 28
页数:4
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