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and statements, and we investigate whether communication improves information aggregation and the accuracy of group … decisions. Our findings suggest that the effect of communication depends on the underlying accuracy of individual judgments …. Communication improves accuracy when individuals tend to be incorrect, but diminishes it when individuals are likely to be correct …
Persistent link: https://www.econbiz.de/10014495051
This paper presents a novel approach to analyze human decision-making that involves comparing the behavior of professional chess players relative to a computational benchmark of cognitively bounded rationality. This benchmark is constructed using algorithms of modern chess engines and allows...
Persistent link: https://www.econbiz.de/10012499843
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This paper analyzes the impact of office machinery and computer capital (OCM) on the demand for heterogeneous labor. A system of static and dynamic factor demand equations based on a variant of the generalized Box-Cox cost function nesting the translog, the generalized Leontief and the...
Persistent link: https://www.econbiz.de/10013428456
Persistent link: https://www.econbiz.de/10012614439
Unfavorable news are often delivered under the disguise of vagueness. Our theory-driven laboratory experiment …
Persistent link: https://www.econbiz.de/10013191455
communication, we also find systematic deviations from optimal behavior in how the communicated information is used. Specifically …
Persistent link: https://www.econbiz.de/10011872542
Persistent link: https://www.econbiz.de/10003649884
Empirical studies on information communication technologies (ICT) typically aggregate the informationʺ and …" lower level agents. Conversely, technologies reducing communication costs substitute agent's knowledge for directions from … study the impact of ICT on worker autonomy, plant manager autonomy and spans of control. Consistently with the theory we …
Persistent link: https://www.econbiz.de/10003868135
Das Ziel des Forschungsvorhabens besteht zum einen darin, die Bedeutungskonstitution zu untersuchen. Zum anderen soll gezeigt werden, dass nationale und internationale monetäre Institutionen in ihren Kommunikationsformen nicht einem linear-kausalen Kommunikationsmodell folgen. Der neue...
Persistent link: https://www.econbiz.de/10008664027