Decision Sciences
4 years ago

Teams outperform individuals in markets, boosting learning and problem-solving skills.

SSRN Electronic Journal
Teams Make You Smarter: Learning and Knowledge Transfer in Auctions and Markets by Teams and Individuals
Boris Maciejovsky, Matthias Sutter, David V. Budescu, Patrick Bernau

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Teams of traders learn reasoning tasks faster and better than individuals in a market setting. They achieve this with less specific feedback and some teams outperform the best individuals. Team decision-making also boosts individual problem-solving skills for new tasks after the market experience.