Showing 1 - 10 of 285
Collective decision making requires preference aggregation even if no ideal aggregation method exists (Arrow, 1950). We …
Persistent link: https://www.econbiz.de/10012660067
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 …
Persistent link: https://www.econbiz.de/10012464416
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 …
Persistent link: https://www.econbiz.de/10012470828
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 …
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 …
Persistent link: https://www.econbiz.de/10012480101
This paper extends my research applying statistical decision theory to treatment choice with sample data, using maximum … paper sends a broad message. Statisticians and computer scientists have addressed conditional prediction for decision making … samples. Neither approach is satisfactory. Statistical decision theory provides a coherent, generally applicable methodology …
Persistent link: https://www.econbiz.de/10012660036
Social identities prescribe behaviors for people. We identify the marginal behavioral effect of these norms on discount rates and risk aversion by measuring how laboratory subjects' choices change when an aspect of social identity is made salient. When we make ethnic identity salient to...
Persistent link: https://www.econbiz.de/10012465341
Decision regulations help long-run preferences prevail by allowing consumers to partially commit to their long-run goals …, making it harder for a momentary impulse to reverse past decisions. In the cigarette market, examples of Early Decision … Early Decision regulations demonstrates that Early Decisions are optimal when consumer preferences are heterogeneous …
Persistent link: https://www.econbiz.de/10012466751
This paper investigates whether judge political affiliation contributes to racial and gender disparities in sentencing using data on over 500,000 federal defendants linked to sentencing judge. Exploiting random case assignment, we find that Republican-appointed judges sentence black defendants...
Persistent link: https://www.econbiz.de/10012453103
This paper combines a model of parental school choice with randomized school lotteries in order to understand the effects of being assigned to a first-choice school on academic outcomes. We outline a simple framework in which those who place the highest weight on academics when choosing a school...
Persistent link: https://www.econbiz.de/10012466510