Showing 1 - 10 of 153
Committee decision making is examined in this study focusing on the role assigned to the committee members. In … the decision makers. …
Persistent link: https://www.econbiz.de/10010336005
In a recent book and earlier studies, Donald Saari well clarifies the source of three classical impossibility theorems in social choice and proposes possible escape out of these negative results. The objective of this note is to illustrate the relevance of these explanations in justifying the...
Persistent link: https://www.econbiz.de/10010335990
decision to take this responsibility in a group is endogenous in many contexts. In this paper, we experimentally study: (1) the … lower fraction of women being willing to make the group decision than men. The amount of risk taken for the group is … like to make the group decision and the women that do not are no different in terms of how much risk they take for …
Persistent link: https://www.econbiz.de/10010274088
genders might interpret the social norms in group decision-making differently. …
Persistent link: https://www.econbiz.de/10010500224
I study necessary and sufficient conditions for a choice function to be rationalised in the following sense: there exists a complete asymmetric relation T (a tournament) such that for each feasible (finite) choice situation, the choice coincides with the uncovered set of T. This notion of...
Persistent link: https://www.econbiz.de/10010284197
It is known that the incompleteness of asset markets causes inefficiency in almost every equilibrium. Yet unexplored is the ”size” of this inefficiency. The size of a Pareto improvement is the total willingness to pay for it, out of current consumption. Inefficiency is the maximum size of...
Persistent link: https://www.econbiz.de/10010318933
informed than others. We develop a model where the voting mistakes resulting from low political knowledge reduce the weight of …. In US election survey data, we find that income is more important in affecting voting behavior for more informed voters …
Persistent link: https://www.econbiz.de/10010316941
interest in those parameters, voting patterns suggest significant influence of cooperative orientation, political attitudes …
Persistent link: https://www.econbiz.de/10010287731
Many voting rules and, in particular, the plurality rule and Condorcet-consistent voting rules satisfy the simple …-majoritarian voting rules that allow the decisiveness of the smallest majority larger than 1/2 and the classical Borda method of counts …
Persistent link: https://www.econbiz.de/10010336008
We consider a standard social choice environment with linear utilities and independent, one-dimensional, private values. We provide a short and constructive proof that for any Bayesian incentive compatible mechanism there exists an equivalent dominant strategy incentive compatible mechanism that...
Persistent link: https://www.econbiz.de/10010316903