CHAPTER 1: Informational Control and Organizational DesignThis essay focuses on organizational issues of allocating authority between an uninformed principal and an informed expert. We show that the established result of Dessein (2002) that delegating decisions to a perfectly informed expert is...

Learning about an underlying uncertainty from observing the actions of other agents is a widespread phenomenon in many social interactions. This thesis looks different aspects of the phenomenon of informational cascades that results due to this social learning. The first essay theoretically...