. Counterfactual analysis shows that committees add value through aggregating private assessments, but that gains to larger committees … their assessments also have lower precision, mixed committees may not be optimal. …

behalf of society. In addition to a payoff linked to the adequateness of the committee’s decision, each expert receives a … disesteem payoff if he/she voted in favor of an ill-fated innovation. An example is FDA committees, where committee members can … standard voting model, we show that information is aggregated in large committees provided disesteem payoffs are not overly …

This paper studies the assignment of decision makers to two committees that make decisions by a simple majority rule …. Surprisingly, even with the symmetric assumptions in the spirit of Condorcet, a symmetric composition of committees is not always … committees. However, in the special case of only two skill levels, it is optimal to compose the committees evenly. …