Searching for a better deal - On the influence of group decision making, time pressure and gender on search behavior

Journal of Economic Psychology

Volumn 30, Issue 1, 2009, Pages 1-10

  Ibanez, Marcela ^a,b   Czermak, Simon ^b   Sutter, Matthias ^a,b,c  

^a UNIVERSITY OF GOTHENBURG   (Sweden)

^b UNIVERSITY OF INNSBRUCK   (Austria)

^c IZA   (Germany)

Author keywords

Gender differences; Group decision; Search experiment; Time pressure

Indexed keywords

EID: 58549113755     PISSN: 01674870     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.joep.2008.10.003     Document Type: Article

References (36)

1. Bearden J.N., Murphy R., and Rapoport A. A multi-attribute extension of the secretary problem: Theory and experiments. Journal of Mathematical Psychology 49 (2005) 410-422
2. Bone J., Hey J., and Suckling J. Are groups more (or less) consistent than individuals?. Journal of Risk and Uncertainty 18 (1999) 63-81
3. Bornstein G., and Yaniv I. Individual and group behavior in the ultimatum game: Are groups more "rational" players?. Experimental Economics 1 (1998) 101-108
4. Byrnes J.P., Miller D.C., and Schafer W.D. Gender differences in risk taking: A meta-analysis. Psychological Bulletin 125 (1999) 367-383
5. Bornstein G., Kugler T., and Ziegelmeyer A. Individual and groups decisions in the centipede game: Are groups more rational players?. Journal of Experimental Social Psychology 40 (2004) 599-605
6. Charness G., Karni E., and Levin D. Individual and group decision making under risk: An experimental study of Bayesian updating and violations of first-order stochastic dominance. Journal of Risk and Uncertainty 35 (2007) 129-148
7. Cooper D.J., and Kagel J.H. Are two heads better than one? Team versus individual play in signaling games. American Economic Review 95 (2005) 477-509
8. Cox J.C. Trust, reciprocity, and other-regarding preferences: Groups vs. individuals and males vs. females. In: Zwick R., and Rapoport A. (Eds). Advances in experimental business research (2002), Kluwer Academic Publishers, Dordrecht 331-350
9. Cox J., and Oaxaca R. Direct tests of the reservation wage property. The Economic Journal 102 (1992) 1423-1432
10. Croson, R., & Gneezy, U. (in press). Gender differences in preferences. Journal of Economic Literature.
11. Dufwenberg M., and Muren A. Gender composition in teams. Journal of Economic Behavior and Organization 61 (2006) 50-54
12. Eckel C.C., and Grossman P.J. Differences in the economic decisions of men and women: Experimental evidence. In: Plott C., and Smith V. (Eds). The handbook of experimental economics results (2008), Elsevier, Amsterdam 509-519
13. Eckstein Z., and van den Berg G. Empirical labor research: A survey. Journal of Econometrics 136 (2007) 531-564
14. Einav L. Informational asymmetries and observational learning in search. Journal of Risk and Uncertainty 30 (2005) 241-259
15. Fischbacher U. Z-tree: Zürich toolbox for readymade economic experiments. Experimental Economics 10 (2007) 171-178
16. Greiner, B. (2004). An online recruitment system for economic experiments. In K. Kurt & V. Macho (Eds.), Forschung und wissenschaftliches Rechnen 2003. GWDG Bericht 63. Gesellschaft für Wissenschaftliche Datenverarbeitung, Göttingen, pp. 79-93.
17. Harrison G., and Morgan P. Search intensity in experiments. The Economic Journal 100 (1990) 478-486
18. Hey J.D. Search for rules for search. Journal of Economic Behavior and Organization 3 (1982) 65-81
19. Kocher M.G., and Sutter M. The decision maker matters: Individual versus group behaviour in experimental beauty contest games. The Economic Journal 115 (2005) 200-223
20. Kocher M.G., and Sutter M. Time is money - Time pressure, incentives and quality of decision-making. Journal of Economic Behavior and Organization 61 (2006) 375-392
21. Kugler T., Bornstein G., Kocher M.G., and Sutter M. Trust between individuals and groups: Groups are less trusting than individuals but just as trustworthy. Journal of Economic Psychology 28 (2007) 646-657
22. Luhan, W., Kocher, M. G., & Sutter, M. (in press). Group polarization in the team dictator game reconsidered. Experimental Economics.
23. Maule J., Hockey R., and Bdzola L. Effects of time-pressure on decision making under uncertainty: Changes in affective stage and information processing strategy. Acta Psycologica 104 (2000) 283-301
24. Payne J.W., Bettman J.R., and Johnson E.J. The adaptive decision maker (1993), Cambridge University Press, Cambridge, UK
25. Rogerson R., Shimer R., and Wright R. Search-theoretic models of the labor market: A survey. Journal of Economic Literature 43 (2005) 959-988
26. Rubinstein A. Instinctive and cognitive reasoning: A study of response times. The Economic Journal 117 (2007) 1243-1259
27. Schotter A., and Braunstein Y. Economic search: An experimental study. Economic Inquiry 19 (1981) 1-25
28. Schubert, R., Brown, M., Gysler, M., & Brachinger, H. (1999). Financial decision-making: Are women really more risk-averse? American Economic Review, Papers and Proceedings, 89, 381-385.
29. Schunk, D. (2008). Behavioral heterogeneity in search situations: Theory and experimental evidence. IEW-Working Paper, University of Zurich.
30. Schunk, D., & Winter, J. (in press). The relationship between risk attitudes and heuristics in search tasks. A laboratory experiment. Journal of Economic Behavior and Organization.
31. Seale D., and Rapoport A. Sequential decision making with relative ranks: An experimental investigation of the "Secretary Problem". Organizational Behavior and Human Decision Processes 69 (1997) 221-236
32. Seale D., and Rapoport A. Optimal stopping behavior with relative ranks: The secretary problem with unknown population size. Journal of Behavioral Decision Making 13 (2000) 391-411
33. Sonnemans J. Strategies of search. Journal of Economic Behavior and Organization 35 (1998) 309-332
34. Sutter M., Kocher M.G., and Strauß S. Bargaining under time pressure in an experimental ultimatum game. Economic Letters 81 (2003) 341-347
35. Trautmann, S. T., & Kocher, M. G. (2008). Tempus fugit: Time pressure in risky decision. Working paper. University of Munich.
36. Zwick R., Rapoport A., Chung Lo A.K., and Muthukrishnan A.V. Consumer search: Not enough or too much?. Marketing Science 22 (2003) 503-519