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Persistent link: https://www.econbiz.de/10015045835
We study decision rules for committees that repeatedly take a binary decision. Committee members are privately informed … voting rules which are criticized for being inefficient as they do not condition on preference intensities. The dynamic … structure of repeated decision-making allows for richer decision rules that overcome this inefficiency by making use of …
Persistent link: https://www.econbiz.de/10010341070
This paper analyzes a boundedly rational decision maker who is uncertain about his preference and faces the following …-off there is an optimal number of goods that the decision maker wants to analyze before making his final choice. The choice of … with good consumer service can be a signal for high quality of the store. -- Decision making ; Bounded rationality ; Choice …
Persistent link: https://www.econbiz.de/10003962118
We report on two novel choice experiments with real goods where subjects in one treatment are forced to choose, as is the norm in economic experiments, while in the other they are not but can instead incur a small cost to defer choice. Using a variety of measures, we find that the active choices...
Persistent link: https://www.econbiz.de/10013382078
for voting created by the Choice Coin DAO, the largest open source software project on the Algorand blockchain. The …
Persistent link: https://www.econbiz.de/10013406820
Persistent link: https://www.econbiz.de/10012547874
convene and discuss, before finalizing their collective decision with a vote. We show that the voting structure (whether the … overall committee information-gathering and decision-making process. Specifically, simultaneous voting is correlated with: a …, and consequently the quality of the collective decision. Our context is the US Food and Drug Administration Advisory …
Persistent link: https://www.econbiz.de/10014344814
Persistent link: https://www.econbiz.de/10011447200
Despite the wide variety of agendas used in legislative settings, the literature on sophisticated voting has focused on … characterize the social choice rules implemented by sophisticated voting on agendas with these two features. I also characterize … related to the prevailing rules for order-of-voting used by legislatures. These results establish a clear connection between …
Persistent link: https://www.econbiz.de/10012415641
Before a group can take a decision, its members must agree on a mechanism to aggregate individual preferences. In this …
Persistent link: https://www.econbiz.de/10011570166