We develop a dynamic model of board decision-making. We show that a board could retain a policy all directors agree is …

Two laboratory experiments - one a statistical urn problem, the other a monetary policy experiment - were run to test … 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 …

decision. We report results from lab experiments focused on such information-collection processes. We consider decisions … decision accuracies over time. Furthermore, groups using majority rule yield especially hasty and inaccurate decisions …

Collective decision making requires preference aggregation even if no ideal aggregation method exists (Arrow, 1950). We … the people." Our experiment elicits revealed attitudes toward ordinal preference aggregation and classifies subjects …

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 …

Laboratory experiments find a robust relationship between decision times and perceived values of alternatives. This … paper investigates how these findings translate to experts' decision making and information acquisition in the field. In a … be chosen later than earlier; (ii) decision time is higher when the likelihood of choosing each alternative is closer to …

decisions in crises typically emerge from collective decision processes within organizations composed of diverse individual … decision-making under collective choice rules (Kim, et al. 2022). In a team equilibrium, group members have rational … to more or less bluffing and varying aggression compared to Perfect Bayesian Equilibrium. Our experiment varies game …