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,advisors, lawyers). If both the pros and cons of a decision haveto be examined, it is better to use competing agents instead of asingle … advocacyimplies either a more sluggish decision-making processor a less-informed decision. …
Persistent link: https://www.econbiz.de/10011326399
We study a model of collective decision making with endogenous information collection.Agents collect information about … decision is made. The reason for this result is that communicationmay aggravate the free-rider problem associated with …
Persistent link: https://www.econbiz.de/10011325966
-down" model of executive optimization. Others, like salience theory, assume a "bottom-up" influence where attention is driven by … aversion. We discuss the insights regarding the nature of attention and its role in economic theory. …
Persistent link: https://www.econbiz.de/10012510861
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sustainability) during the decision. While our information treatment has little effect on attention allocation to individual … partially neglect new information, and anchor to their initial decision rules formed before the information treatments. …
Persistent link: https://www.econbiz.de/10014512915
In the context of firm decision-making, several motives for acquiring and conveying information exist. Information …'s executive. The executive wants to accurately inform an internal decision-maker regarding the value of an opportunity, but has an …
Persistent link: https://www.econbiz.de/10011932570
We study committees that acquire information, deliberate and vote. A member cares about state-dependent decision … payoffs and about his reputation for expertise. The state remains unobserved, even after the decision has been taken. In such …'s external (market) reputation is based on the observed group decision. Either form of reputation concerns create strategic …
Persistent link: https://www.econbiz.de/10011895815
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
Agents involved in the formation of a social or economic network typically face uncertainty about the benefits of creating a link. However, the interplay of such uncertainty and risk attitudes has been neglected in the network formation literature. We propose a dynamic network formation model...
Persistent link: https://www.econbiz.de/10011386449