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decision accuracies over time. Furthermore, groups using majority rule yield especially hasty and inaccurate decisions … 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 …
Persistent link: https://www.econbiz.de/10012794585
We develop a dynamic model of board decision-making. We show that a board could retain a policy all directors agree is … long director tenure can exacerbate deadlock. Moreover, we rationalize why CEOs and incumbent directors have power to …
Persistent link: https://www.econbiz.de/10012480101
teammates and their supervisor) and external diversity (between teams and the individuals they canvassed). We observe team … improves performance, and external diversity has no effect. The data on time use suggests that horizontally homogeneous teams …We present the results from a field experiment on team diversity. Individuals working as door-to-door canvassers for a …
Persistent link: https://www.econbiz.de/10012510534
Team incentives are important in many compensation systems that pay workers according to the output of their team as … well as to their own output, with team bonuses often depending on whether the team meets or exceeds specified thresholds …. Yet little is known about how team members with different abilities respond to compensation rules and thresholds. We …
Persistent link: https://www.econbiz.de/10013388782
Traditional economic models of vaccination assume that agents free-ride on the vaccination decision of others. These …
Persistent link: https://www.econbiz.de/10012459135
Using a high-stakes field experiment conducted with a financial brokerage, we implement a novel design to separately identify two channels of social influence in financial decisions, both widely studied theoretically. When someone purchases an asset, his peers may also want to purchase it, both...
Persistent link: https://www.econbiz.de/10012460419
This paper measures parents' beliefs about school and peer quality, how information about each affects school choices, and how social interactions mediate these effects. Parents underestimate school quality and overestimate peer quality. Cross-randomized school and peer quality information...
Persistent link: https://www.econbiz.de/10015072951
kinship groups interact with other governance institutions, in particular the role of kinship as a means of elite control …
Persistent link: https://www.econbiz.de/10014544693
Colombian paramilitary groups as an environment to study non-institutional sources of variation in how public good provision and …
Persistent link: https://www.econbiz.de/10015072952
-taking strategies. However, decision-makers take more risk when they see the gaps between their performance score and their peers …Incentive schemes that reward participants based on their relative performance are often thought to be particularly … significantly less risk-taking than non-competitive rewards. In contrast, when decision-makers receive information about their peers …
Persistent link: https://www.econbiz.de/10012456191