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> This paper is concerned with the role of committees in collective decision-makingprocesses in a world where agents must be … motivated to collect information. Committees improvethe quality of decision-making by providing information and by coordinating … preferences of the committeemembers should be aligned to those of the decision maker. Members with similar preferences asthe …
Persistent link: https://www.econbiz.de/10011256626
> This paper is concerned with the role of committees in collective decision-makingprocesses in a world where agents must be … motivated to collect information. Committees improvethe quality of decision-making by providing information and by coordinating … preferences of the committeemembers should be aligned to those of the decision maker. Members with similar preferences asthe …
Persistent link: https://www.econbiz.de/10011242149
This paper is concerned with the role of committees in collective decision-making processes in a world where agents … must be motivated to collect information. Committees improve the quality of decision-making by providing information and by … affect final decisions? Second, what is the optimal composition of a committee from the decision maker's point of view? As to …
Persistent link: https://www.econbiz.de/10005144571
Administration in organizations emerged as a specific field of inquiry for social sciences in the middle of the twentieth century. Herbert Simon has defined a program that allows social sciences to move from principles to concepts about action and action taking. Four main perspectives of...
Persistent link: https://www.econbiz.de/10011205321
L'objectif de cet article est de reconsiderer la theorie des irréversibilités decisionnelles dans un cadre non …
Persistent link: https://www.econbiz.de/10005630691
Standard decision theoretic models take as given that agents have perfect self-awareness; they have complete knowledge …
Persistent link: https://www.econbiz.de/10005487102
We consider the model of price competition for a single buyer among many sellers in a dynamic environment. The surplus from each trade is allowed to depend on the path of previous purchases, and as a result, the model captures phenomena such as learning by doing and habit formation in...
Persistent link: https://www.econbiz.de/10005368975
intuition, an increase in type-specific risk may lead to a decrease in diversification. Our theory is applicable to occupational …
Persistent link: https://www.econbiz.de/10005407512
This paper aims at analysing the effects of learning on the individual behaviour in an experiment that requires cooperation and coordination within teams. Using artificial agents, different social contests are created, as training environments. The results confirm previous findings (on the...
Persistent link: https://www.econbiz.de/10005407620
search enough, whereas in the cost condition they search too much. We propose a simple behavioral decision model that …
Persistent link: https://www.econbiz.de/10005408222