Data for: "The intrinsic value of decision rights: A replication and an extension to team decision making"
Description
Abstract: We present a replication of Bartling et al. (2014) who developed an experiment to measure the intrinsic value of decision rights. We can confirm their seminal results for individuals with remarkable accuracy, thus strongly confirming the prior of a robust result. Motivated by the observation that team decision making is ubiquitous, we then extend their design by studying how teams value decision rights. In the aggregate, we find no differences be- tween individuals and teams. However, in our exploratory analysis, we uncover an im- portant heterogeneity: teams with a smooth decision making process have much lower intrinsic values of decision rights than individuals, but teams with internal conflicts have much higher values, thus distorting decisions. The published article can be found at https://doi.org/10.1016/j.jebo.2023.03.019