Showing 1 - 10 of 114
We experimentally investigate cooperation in privileged groups which according to Olson (1965) are groups in which at least one member has an incentive to supply a positive amount of the public good. More specifically, we analyze group member heterogeneity with respect to two dimensions:...
Persistent link: https://www.econbiz.de/10009578217
In this paper we study the relationship between inequality and social instability. While the argument that inequality can be damaging for the cohesion of a society is old, the empirical evidence is mixed. We use a novel approach to isolate the causal relationship running from inequality to...
Persistent link: https://www.econbiz.de/10014444823
We study the relationship between inequality and social instability. While the argument that inequality can be damaging for the cohesion of a society is well established, the empirical evidence is mixed. We use a novel approach to isolate the causal relationship running from inequality to social...
Persistent link: https://www.econbiz.de/10014529307
We investigate experimentally the effect of consultation (unincentivized advice) on choices under risk in an incentivized investment task. We compare these choices to two benchmark treatments: one with isolated individual choices, and a second with group choice after communication. Our...
Persistent link: https://www.econbiz.de/10009689911
We investigate experimentally the effect of consultation (unincentivized advice) on choices under risk in an incentivized investment task. We compare consultation to two benchmark treatments: one with isolated individual choices, and a second with group choice after communication. Our benchmark...
Persistent link: https://www.econbiz.de/10009757008
This paper develops a dynamic model of legislative policy making with evolving, privately observed policy preferences. Our goal is to find conditions under which decision rules, which assign feasible policies based on the legislators' preferences, are sustainable in the long run. We show that...
Persistent link: https://www.econbiz.de/10011897250
striking degree of consensus: in most groups all members made the same choice on behalf of the group. The pattern of individual … choices after group deliberation suggests that the high degree of group consensus is due to persuasive arguments of other …
Persistent link: https://www.econbiz.de/10010371298
Committee voting has mostly been investigated from the perspective of the standard Baron-Ferejohn model of bargaining over the division of a pie, in which bargaining ends as soon as the committee reaches an agreement. In standing committees, however, existing agreements can be amended. This...
Persistent link: https://www.econbiz.de/10009578203
Using an experiment with incentivized decisions of groups in the economics laboratory, I investigate the effect of group diversity on group risk taking. I measure econometrically the effects of various aspects of subjects' diversity: nationality, language, university degree and gender. I find...
Persistent link: https://www.econbiz.de/10010187863
random dictatorship procedure. Reverse confirmation bias and the incidence of consensus are considerably reduced when group … conflicting information. We also find a striking degree of consensus when subjects make decisions on behalf of the group under a …
Persistent link: https://www.econbiz.de/10010515798