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

Murad Z.

Economics Letters, vol.144, pp.25-28, 2016 (SSCI, Scopus) identifier

  • Nəşrin Növü: Article / Article
  • Cild: 144
  • Nəşr tarixi: 2016
  • Doi nömrəsi: 10.1016/j.econlet.2016.04.032
  • jurnalın adı: Economics Letters
  • Jurnalın baxıldığı indekslər: Social Sciences Citation Index (SSCI), Scopus
  • Səhifə sayı: pp.25-28
  • Açar sözlər: Experimental market entry games, Group decision making, Information
  • Açıq Arxiv Kolleksiyası: Məqalə
  • Adres: Yox

Qısa məlumat

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.