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CEE-M Seminar

CEE-M Seminar

Beyond Outcomes: Experimental Evidence on the Value of Agreement

Speaker

Dimitrios Xefteris
Ph.D. in Economics at UAB Barcelona
Department of Economics - University of Cyprus

Website

Abstract

Does an individual assign a higher value to a group decision she has explicitly agreed with? Or does she only care about the intrinsic features of the outcome? Since it is difficult to address this question in natural settings, we employ a laboratory experiment where, after the group collectively decides on an issue, each individual may propose a revision to the group decision. We find that outcomes generated by congruent mechanisms –i.e. procedures that incentivize subjects to agree with the winning alternative– are revised to a far lesser extent compared to outcomes generated by outcome-wise identical mechanisms that encourage disagreement.
JEL classification codes: D71, D72.
Keywords: implementation; mechanism design; consensus; agreement; congruence; experiment; endorsements.

Practical information

Location

Site St Charles - Batiment Saint Charles 1, salle STC1- 005
Rue du Professeur Henri Serre, 34090 Montpellier

Dates & time

Jun 15, 2018
11:00
15
Jun

Contact

Petros Sekeris
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Raphaël Soubeyran
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