Seminars & webinars
13 March 2014

Teams punish less


Where: Milan
Location:

Fondazione Eni Enrico Mattei
Corso Magenta 63
20123 Milan

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Video-conference
at FEEM Venice

How to reach: Google map
Event's Timetable:


h. 12.00 Seminar

Information:

Seminars Office, seminars@feem.it

Speaker:

Heike Auerswald, Department of Business and Economics, Technische Universität Dresden

Abstract

This seminar is based on a paper co-authored by Heike Auerswald, Carsten Schmidt, Marcel Thum and Gaute Torsvik.                            

Many decisions in politics and business are made by teams rather than by single individuals. In contrast, economic models typically assume an individual rational decision maker. A rapidly growing body of (experimental) literature investigates team decisions in different settings. We study team decisions in a public goods contribution game with a costly punishment option and compare it to the behavior of individuals in a laboratory experiment. We also consider different team decision-making rules (unanimity, majority). We find that teams contribute significantly more and punish less than individuals, regardless of the team decision rule. Overall, teams yield higher payoffs than individuals.


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This seminar has been jointly organized by FEEM and IEFE, Bocconi University.

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Teams punish less (presentation)
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Teams punish less (paper)

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