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

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    Abstract

    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.
    Original languageEnglish
    Pages (from-to)25-28
    Number of pages4
    JournalEconomics Letters
    Volume144
    Early online date26 Apr 2016
    DOIs
    Publication statusPublished - Jul 2016

    Keywords

    • RCUK
    • ESRC
    • ES/K002201/1

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