Online experiment. Between-subject design. In treatment SINGLE, all three subjects are in the same role. In the other two treatments, subjects are randomly assigned to the three roles. Each subject makes just one decision, reporting HIGH or LOW, or delegating the report (for FMs in treatment DELEGATION and for FMs and SMs in treatment MULTISTAGE DELEGATION). Subjects also fill out a non-incentivized questionnaire where we ask for gender, age, the belief about how many subjects choose HIGH or LOW when the outcome is LOW (and delegate when applicable), preferences for delegating and being delegated to, and willingness to take risks.
The study will be conducted on Amazon MTurk, a large online platform for surveys and market research. We restrict the sample to participants whose country of residence are the USA, who have at least 500 approved assignments, and whose submissions have been approved in at least 95% of the cases. We impose these restrictions to ensure a high data quality.