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The strength of weak leaders : an experiment on social influence and social learning in teams

Buechel, Berno ; Kloessner, Stefan ; Lochmueller, Martin ; Rauhut, Heiko

In: Experimental economics, 2019, p. 1-35

We investigate how the selection process of a leader affects team performance with respect to social learning. We use a laboratory experiment in which an incentivized guessing task is repeated in a star network with the leader at the center. Leader selection is either based on competence, on self-confidence, or made at random. In our setting, teams with random leaders do not underperform....

Betting on own knowledge: Experimental test of overconfidence

Blavatskyy, Pavlo

In: Journal of Risk and Uncertainty, 2009, vol. 38, no. 1, p. 39-49

The strength of weak leaders - an experiment on social influence and social learning in teams

Buechel, Berno ; Klössner, Stefan ; Lochmüller, Martin ; Rauhut, Heiko

(Working Papers SES ; 486)

We investigate how the selection process of a leader affects team performance with respect to social learning. We use a lab experiment in which an incentivized guessing task is repeated in a star network with the leader at the center. Leader selection is either based on competence, on self-confidence, or made at random. Teams with random leaders do not underperform compared to rather competent...