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Beniers, Klaas J.; Swank, Otto H. - 2003

This paper is concerned with the role of committees in collective decision-makingprocesses in a world where agents must be motivated to collect information. Committees improvethe quality of decision-making by providing information and by coordinating the collection ofinformation. We address two...

Persistent link: https://www.econbiz.de/10011332816

Do elections lead to informed public decisions?

Swank, Otto H.; Visser, Bauke - 2003

Democracies delegate substantial decision power to politicians. Using a model in which an incumbent can design, examine and implement public policies, we show that examination takes place in spite of, rather than thanks to, elections. Elections are needed as a carrot and a stick to motivate...

Persistent link: https://www.econbiz.de/10011334365

Policy makers, advisors, and reputation

Wrasai, Phongthorn; Swank, Otto H. - 2004

When hiring an adviser (he), a policy maker (she) often faces the problem that she has incomplete information about his preferences. Some advisers are good, in the sense that their preferences are closely aligned to the policy maker's preferences, and some advisers are bad. Recently, some...

Persistent link: https://www.econbiz.de/10011334827

A simple model of self-assessments

Dominguez-Martinez, Silvia; Swank, Otto H. - 2006

We develop a simple model that describes individuals’ self-assessments oftheir abilities. We assume that individuals learn about their abilities from appraisalsof others and experience. Our model predicts that if communicationis imperfect, then (i) appraisals of others tend to be too positive,...

Persistent link: https://www.econbiz.de/10011348342

The self-perception theory vs. a dynamic learning model

Swank, Otto H. - 2006

motivation may undermine intrinsic motivation. The self-perception (SP) theory developed by Bem (1972) explains this finding. The … crux of this theory is that people remember their past decisions and the extrinsic rewards they received, but they do not … recall their intrinsic motives. In this paper I show that the SP theory can be modeled as a variant of a conventional dynamic …

Persistent link: https://www.econbiz.de/10011349711

Deliberation, information aggregation and collective decision making

Swank, Otto H.; Wrasai, Phongthorn - 2003

We study a model of collective decision making with endogenous information collection.Agents collect information about the consequences of a project, communicate, and then vote onthe project. We examine under what conditions communication may increase the probability thatgood decisions are made....

Persistent link: https://www.econbiz.de/10011325966

Sequential advocacy

Beniers, Klaas J.; Dur, Robert A. J.; Swank, Otto H. - 2003

The collection of information necessary fordecision-making is often delegated to agents (e.g. bureaucrats,advisors, lawyers). If both the pros and cons of a decision haveto be examined, it is better to use competing agents instead of asingle agent. The reason is that two conflicting pieces...

Persistent link: https://www.econbiz.de/10011326399

Labor market quotas

Bijkerk, Suzanne; Dominguez-Martinez, Silvia; … - 2018 - This version: March 29, 2018

Under-representation of women in high level positions is widespread and persistent. We analyze the consequences of labor market quotas for the wages of women in high level positions. The key point of our paper is that quotas cause asymmetric information about why women work in high level...

Persistent link: https://www.econbiz.de/10011818273

Why are residents reluctant to consult attending physicians?

Swank, Otto H. - 2009

A physician performs two tasks: making diagnoses and determining treatments. To reduce medical error, residents are supposed to consult their supervisors when they face uncommon circumstances. However, recent research shows that residents are reluctant to do so. This paper presents a model that...

Persistent link: https://www.econbiz.de/10011378360

Decision making and learning in a globalizing world

Swank, Otto H.; Visser, Bauke - 2010

We study two aspects of globalization. It allows a decision-maker to go beyond his own local experience and to learn from other decision-makers in addressing common problems. This improves the identification and diffusion of best practices. It also provides extra information to `markets' that...

Persistent link: https://www.econbiz.de/10011380142