The value of decision-making power in social decisions
Abstract
• We conduct an experiment to investigate value of decision-making power in social decisions. • No person is willing to pay for delegating a task. • The strength of social preferences and the value of decision-making power in a useless task determine the value of decision-making power in social decisions. • Decision times, eye-tracking and mouse-tracking measures are indicative of indifference points. People differ in whether they like to be in...
Paper Details
Title
The value of decision-making power in social decisions
Published Date
Sep 1, 2020
Volume
177
Pages
898 - 912
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