Does truth win when teams reason strategically? |
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Authors: | Jeannette Brosig-Koch Timo Heinrich Christoph Helbach |
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Institution: | Faculty of Economics and Business Administration, University of Duisburg–Essen, Universitätsstraße 12, 45117 Essen, Germany |
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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. |
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Keywords: | C72 C91 C92 |
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