A Theory of Group Decision Behavior

Cover A Theory of Group Decision Behavior
A Theory of Group Decision Behavior
Geoffrey P E Clarkson
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50 CL. 75^ Cl. 50^ CTJT) Loss - Win, IR Win - Win, IL CO^ 1. 85 Win - Loss, NC 1. 60 1, 85 Loss - Loss, DR ClT^ 1. 75 I--Increase, D--Decrease, L--Left Market, R—Right Market, NC--No Change Table 1 - 10 - The second term to define is the expression "the individual decision procedures. " There are presumably a number of ways in which these processes could be defined. One such is to take the rules and comments as written by the subjects before and during Stage 2 as the statement of what constitut...es their decision rules. But^ as they are at liberty to amend or completely alter their rules while playing this method has little to recommend it. Our approach is to take the data as produced by Stage 2 and process them through a Rule Generating Program. The function of this program is to infer the decision rules used by each subject to generate his bids. The Rule Generating Program's output is a decision rule which is stated in terms of the attributes listed in the first part of the second column of Table 1, e.

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