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experimental manipulations are implemented to test various aspects of this model. These experiments use five-person committees with …
Persistent link: https://www.econbiz.de/10009468404
preferences beyond the classical concept of expected utility theory. The thesis contains four main chapters.The first two chapters … dependence compared to classical models of expected utility theory. It is shown that some empirical puzzles concerning … utility theory are met. It is shown that the methodological concerns are empirically relevant when a classification of …
Persistent link: https://www.econbiz.de/10009482308
"In this paper we formulate a cost-induced equilibrium concept. This equilibrium is generated from transaction costs connected with a sequential agenda process. Our claim is that most collective choice Institutions carry with them decision costs. If these transaction costs are very large, they...
Persistent link: https://www.econbiz.de/10009468499
parameter richer than that model. We use our decision model to provide an expressive theory of voting. …
Persistent link: https://www.econbiz.de/10009439045
volunteers have been utilized in Extension for over 50 years, serving on program area committees to develop programs that meet … program area committees. However, 42 percent of the respondents disagreed or remained neutral to subject matter specialists … education as a motivational factor for serving on the Ag/NR committees. Committee members feel strongly about assisting with …
Persistent link: https://www.econbiz.de/10009465244
In this paper, we study committee decision making process using game theory. By a committee, we mean any group of …
Persistent link: https://www.econbiz.de/10009430933
sets simulated for Full Signal Detection Theory and its special cases of standard Signal Detection Theory and Complementary … Signal Detection Theory. …
Persistent link: https://www.econbiz.de/10009441534
Chapter 1: Efficient Design of an Auction with Discrete Bid Levels This paper studies one of auction design issues: the choice of bid levels. Full efficiency is generally unachievable with a discrete auction. Since there may be more than one bidder who submits the same bid, the auction cannot...
Persistent link: https://www.econbiz.de/10009450772
We consider misconceptions about the functioning of the economy as one possible explanation for the emergence of crises in democracies. Furthermore, we study a political process which may lead to successful reform. First of all, we show that voters can make inefficient decisions concerning...
Persistent link: https://www.econbiz.de/10009476265
Persistent link: https://www.econbiz.de/10009449712