We study the choice of a principal to either delegate a decision to a group of careerist experts, or to consult them … aggregation. On the one hand, the expected benefit from being informed is larger in case the experts are consulted individually …. Hence, the experts either acquire the same or a larger amount of information, depending on the cost of information, than in …

of the project, and hold additional private information about its consequences. They are experts who care about the value …

I investigate minority votes in the German Council of Economic Experts. The dataset contains information on the voting … against the majority opinion of the German Council of Economic Experts. This voting pattern indicates that the channel of … ; German Council of Economic Experts …

In this paper, we consider a committee of experts that decides whether to approve or reject a proposed innovation on …

We provide an explanation for why committees may behave over-cautiously. A committee of experts makes a decision on a … evidence and the best practices of the experts' common discipline, which is only indirectly related to the true state of the … dieser Innovation durch jeden Experten erfolgt auf der Grundlage dessen, was in der gemeinsamen Disziplin als allgemein …