Are four heads better than two? An experimental beauty-contest game with teams of different size

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Individual versus group behavior and the role of the decision making procedure in gift-exchange experiments (2007, background): “The majority of the hitherto conducted studies find that groups behave more in line with standard game-theoretic predictions under the assumptions of rationality and selfishness than individuals (e.g., Blinder and Morgan 2005; Bone et al. 1999; Bornstein and Yaniv 1998; Bornstein et al. 2004; Cooper”
Group and individual risk preferences : a lottery-choice experiment (2006, unknown): “…individuals and teams (or between teams of different size) with respect to many different kinds of decisions: beauty-contest games (Kocher and Sutter, 2005; Kocher et al., 2006; Sutter, 2005); centipede games (Bornstein et al., 2004); ultimatum games (Bornstein and Yaniv, 1998); dictator…”
Group polarization in the team dictator game reconsidered (2009, unknown): “15 In the context of a beauty-contest game Sutter (2005) has shown that larger teams (of four subjects)”
Individuals and Teams in UMTS-License Auctions (2007, background): “Kocher and Sutter (2005), Kocher et al. (2006) and Sutter (2005) have found teams to be more successful than individuals in beauty-contest games.”