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 …, information aggregation fails in large committees and the committee rejects the innovation almost surely, providing an explanation …

committees. Subjects get private signals about the state of world, send binary messages, and finally vote under either majority … reasoning), but strikingly overestimate their pivotality when voting (contradicting plain lying aversion). That is, committees …