decision about how to manage a common asset. How should this be done? We examine two methods: an 'Economics' approach that …

A central feature of dynamic collective decision-making is that the rules that govern the procedures for future … decision-making and the distribution of political power across players are determined by current decisions. For example … dynamic collective decision-making: (1) a social arrangement is made stable by the instability of alternative arrangements …

not to be true there is no significant difference in average decision lags. Furthermore, and also surprisingly, there is … no significant difference in the decision lag when groups decisions are made by majority rule versus when they are made …

information. Instead, equilibrium strategies are many-to-one mappings that transform continuous data into ordered ranks: voting … procedures are the equilibrium methods of achieving a consensus in committees. Voting necessarily coarsens the transmission of … information among members, but is necessary to control conflicts of interest. The degree of coarseness of the equilibrium voting …

simple majority voting. However, even when experts are correctly identified, delegation must be used sparely because it … underperforms relative to both universal voting and abstention …

The paper studies a voting scheme where members of a committee voting sequentially on a known series of binary … simple majority voting. But if one of the voters controls the order of the agenda, does the scheme become less efficient? The …

decision. We report results from lab experiments focused on such information-collection processes. We consider decisions … governed by individuals and groups and compare how voting rules affect outcomes. We also contrast static information collection … decision accuracies over time. Furthermore, groups using majority rule yield especially hasty and inaccurate decisions …