Decision Making in Small Groups a Simulation Study

Cover Decision Making in Small Groups a Simulation Study
Decision Making in Small Groups a Simulation Study
Geoffrey P E Clarkson
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For instance, the group decision model assigns the role of Dominance to the more conservative S^ where conservative ness is measured by the fre- quency of wins obtained during the last ten trials of Stage 1 . An alterna- tive model can be constructed by reversing this assignment such that the less conservative S_ is now Dominant. The behavior of these two models can be compared and significant differences can be computed. This test can be carried out for each of the fifteen test groups. And for
... this sample of observations it can be determined whether the assignment of Dominance to the more conservative member leads to significantly better predictions. Manifestly, it is also possible to use this approach to examine the effects of using the last fifteen trials of Stage 1, instead of the last ten, as the basis for selecting the Dominant S. In brief, it is possible to create alternative models to test the sensitivity of each parameter as well as the 82 explanatory value of each decision process.

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