Arya, Anil; Glover, Jonathan; Mittendorf, Brian - In: Managerial and Decision Economics 27 (2006) 5, pp. 355-362
Aggregation is commonly associated with loss of information. In contrast, this paper shows that aggregation can actually enhance information down-the-road by deterring information cascades. In particular, when hierarchical tiers forward only aggregate recommendations rather than nitty-gritty...