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Existing theoretical and experimental studies have established that unanimity is a poor decision rule for promoting … responsibility for the committee's decision is equally distributed across all agents. We test our predictions in a controlled … are ultimately more likely to make the optimal decision. Idiosyncratic payoffs such as a moral bias thus present a …
Persistent link: https://www.econbiz.de/10011696383
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This paper presents an empirical investigation of the relation between decision speed and decision quality for a real …-by-move data provide exceptionally detailed and precise information about decision times and decision quality, based on a … with the predictions of procedural decision models like drift-diffusion-models in which decision makers sequentially …
Persistent link: https://www.econbiz.de/10013191595
Our study compares individual and team bidding in standard auction formats: first-price, second-price and ascending-price (English) auctions with independent private values. In a laboratory experiment, we find that individuals overbid more than teams in first-price auctions and deviate more from...
Persistent link: https://www.econbiz.de/10012500699
We test the effects of dual processing differences in both individual traits and decision states on risk taking. In an … emotion or reason, while simultaneously measuring individual decision-making traits. Our results show that decision …
Persistent link: https://www.econbiz.de/10012118611
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between axioms of decision theory: consistency and preference axioms. We argue that this distinction has been overlooked by … the literature and, as a result, evidence that consistency is a proxy of decision-making ability is often based on …
Persistent link: https://www.econbiz.de/10014323610
decision-making process of hiring committees within a large private company. In the hiring process, committee members first … decision. We find that committees' final hiring decisions are systematically less aligned with the initial recommendations of …
Persistent link: https://www.econbiz.de/10014480222
As technology-assisted decision-making is becoming more widespread, it is important to understand how the algorithmic … study the preference for human or algorithmic decision makers in re-distributive decisions. In particular, we consider … whether algorithmic decision maker will be preferred because of its unbiasedness. Contrary to previous findings, the majority …
Persistent link: https://www.econbiz.de/10014495065