Showing 1 - 10 of 147
The common use of majority rule in group decision making is puzzling. In theory, it inequitably favors the proposer …
Persistent link: https://www.econbiz.de/10011762571
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
Persistent link: https://www.econbiz.de/10014281273
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
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
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
The paper applies standard public choice reasoning to the negotiations on EU enlargement and the Treaty of Nice. The starting point is the assumption that accession can only be successfully completed if the interests of decisive actors in present EU countries are respected. Decisive actors in...
Persistent link: https://www.econbiz.de/10013428342
Persistent link: https://www.econbiz.de/10003527742
We study the random assignment of indivisible objects among a set of agents with strict preferences. We show that there exists no mechanism which is unanimous, strategy-proof and envy-free. Weakening the first requirement to q-unanimity – i.e., when every agent ranks a different object at the...
Persistent link: https://www.econbiz.de/10013191476
Much economic analysis derives policy recommendations based on social welfare criteria intended to model the preferences of a policy maker. Yet, little is known about policy maker’s normative views in a way amenable to this use. In a behavioral experiment, we elicit German legislators’...
Persistent link: https://www.econbiz.de/10014305744