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

Murad, Zahra

Publication date

July 2016

DOI

10.1016/j.econlet.2016.04.032

Publisher

The Author. Published by Elsevier B.V.

Abstract

AbstractWe 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

Extracted data

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