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Sah, Raaj Kumar - 2012

This paper examines optimal decision making under three different organizational forms: committees, hierarchies and polyarchies. Our focus is on the trade-off between errors of rejecting good projects versus errors of accepting bad projects, and on the trade-off between gains from more extensive...

Persistent link: https://www.econbiz.de/10013106320

Organizational Decision-Making and Information : Angel Investments by Venture Capital Partners

Wu, Andy - 2016

We study information aggregation in organizational decision-making for the financing of entrepreneurial ventures. We … introduce a formal model of voting where agents face costly tacit information to improve their decision quality. Equilibrium … outcomes suggest a theoretical tension for group decision-making between the benefits of information aggregation and a cost …

Persistent link: https://www.econbiz.de/10013003716

Consistent Collective Decisions Under Majorities Based on Difference of Votes

Diss, Mostapha - 2015

The main criticism to the aggregation of individual preferences under majority rules refers to the possibility of reaching inconsistent collective decisions from the election process. In these cases, the collective preference includes cycles and even could prevent the election of any alternative...

Persistent link: https://www.econbiz.de/10013010416

Risking Your Life Without a Second Thought : Intuitive Decision-Making and Extreme Altruism

Rand, David G.; Epstein, Ziv - 2014

When faced with the chance to help someone in mortal danger, what is our first response? Do we leap into action, only later considering the risks to ourselves? Or must instinctive self-preservation be overcome by will-power in order to act? We investigate this question by examining the testimony...

Persistent link: https://www.econbiz.de/10014146581

The Human Version of Moore-Shannon's Theorem : The Design of Reliable Economic Systems

Christensen, Michael; Knudsen, Thorbjorn - 2007

Moore & Shannon's theorem is the cornerstone in reliability theory, but cannot be applied to human systems in its original form. A generalization to human systems would therefore be of considerable interest because the choice of organization structure can remedy reliability problems that...

Persistent link: https://www.econbiz.de/10014049389

Cooperation and Decision Time

Evans, Anthony; Rand, David G. - 2018

We review two fundamentally different ways that decision time is related to cooperation. First, studies have experimentally manipulated decision time to understand how cooperation is related to the use of intuition versus deliberation. Current evidence supports the claim that time pressure (and,...

Persistent link: https://www.econbiz.de/10014113978

Social Setting, Intuition, and Experience in Laboratory Experiments Interact to Shape Cooperative Decision-Making

Capraro, Valerio - 2015

Recent studies suggest that cooperative decision-making in one-shot interactions is a history-dependent dynamic process: promoting intuition versus deliberation has typically a positive effect on cooperation (dynamism) among people living in a cooperative setting and with no previous experience...

Persistent link: https://www.econbiz.de/10013028985

Choosing inequality: how economic security fosters competitive regimes

Lenger, Alexander; Wolf, Stephan; Goldschmidt, Nils - In: The Journal of Economic Inequality 19 (2020) 2, pp. 315-346

information is strong enough to let people decide as if driven by social preferences. The different group decisions in round 2 …

Persistent link: https://www.econbiz.de/10014504499

Single-crossing, strategic voting and the median choice rule

Saporiti, Alejandro; Tohmé, Fernando - 2003

This paper studies the strategic foundations of the Representative Voter Theorem (Rothstein, 1991), also called the second version of the Median Voter Theorem. As a by-product, it also considers the existence of non-trivial strategy-proof social choice functions over the domain of...

Persistent link: https://www.econbiz.de/10010323146

Politicians, Governed vs. Non-Governed Interest Groups and Rent Dissipation

Epstein, Gil S.; Mealem, Yosef - 2013

Government intervention often gives rise to contests and the government can influence their outcome by choosing their type. We consider a contest with two interest groups: one that is governed by a central planner and one that is not. Rent dissipation is compared under two well-known contest...

Persistent link: https://www.econbiz.de/10010328996

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