Does truth win when teams reason strategically?

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

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
• Electronic ISSN: 1873-7374
• 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