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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