Showing 1 - 10 of 273
We provide an explanation for why committees may behave over-cautiously. A committee of experts makes a decision on a … aggregation fails in large committees: under any majority rule, the committee rejects the innovation almost surely. …
Persistent link: https://www.econbiz.de/10010195361
information aggregation. Despite this, unanimity is frequently used in committees making decisions on behalf of society. This … rationale for the widespread use of unanimous voting. …
Persistent link: https://www.econbiz.de/10011696383
Higher education finance depends on the public’s preferences for charging tuition, which may be partly based on beliefs about the university earnings premium. To test whether public support for tuition depends on earnings information, we devise survey experiments in representative samples of...
Persistent link: https://www.econbiz.de/10013190508
Public preferences for charging tuition are important for determining higher education finance. To test whether public support for tuition depends on information and design, we devise several survey experiments in representative samples of the German electorate (N19,500). The electorate is...
Persistent link: https://www.econbiz.de/10012033428
We conduct an experiment in which groups are tasked with evaluating the truth of a set of politically relevant facts and statements, and we investigate whether communication improves information aggregation and the accuracy of group decisions. Our findings suggest that the effect of...
Persistent link: https://www.econbiz.de/10014495051
Perceived urgency and regret are common in many sequential search processes; for example, sellers often pressure buyers in search of the best offer, both time-wise and in terms of potential regret of forgoing unique purchasing opportunities. theoretically, these strategies result in anticipated...
Persistent link: https://www.econbiz.de/10014476728
We show that the electorate’s preferences for using tuition to finance higher education strongly depend on the design of the payment scheme. In representative surveys of the German electorate (N18,000), experimentally replacing regular upfront by deferred income-contingent payments increases...
Persistent link: https://www.econbiz.de/10013191568
impact on voting. The US and the EU introduced targeted measures against Russian entities and individuals related to Putin … effect on voting can be explained as rally-around-the-flag in the face of sanctions, as long as voters did not endure …
Persistent link: https://www.econbiz.de/10012016315
We study preferences over procedures in the presence of naive agents. We employ a school choice setting following Pathak and Sönmez (2008) who show that sophisticated agents are better off under the Boston mechanism than under a strategy-proof mechanism if some agents are sincere. We use lab...
Persistent link: https://www.econbiz.de/10012139539
The common use of majority rule in group decision making is puzzling. In theory, it inequitably favors the proposer, and paradoxically, it disadvantages voters further if they are inequity averse. In practice, however, outcomes are equitable. The present paper analyzes data from a novel...
Persistent link: https://www.econbiz.de/10011762571