. Counterfactual analysis shows that committees add value through aggregating private assessments, but that gains to larger committees … their assessments also have lower precision, mixed committees may not be optimal. …

This paper studies the assignment of decision makers to two committees that make decisions by a simple majority rule …. Surprisingly, even with the symmetric assumptions in the spirit of Condorcet, a symmetric composition of committees is not always … committees. However, in the special case of only two skill levels, it is optimal to compose the committees evenly. …

This paper studies the assignment of decision makers to two committees that make decisions by a simple majority rule …. Surprisingly, even with the symmetric assumptions in the spirit of Condorcet, a symmetric composition of committees is not always … committees. However, in the special case of only two skill levels, it is optimal to compose the committees evenly. …

disesteem payoff if he/she voted in favor of an ill-fated innovation. An example is FDA committees, where committee members can … standard voting model, we show that information is aggregated in large committees provided disesteem payoffs are not overly …, information aggregation fails in large committees and the committee rejects the innovation almost surely, providing an explanation …

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 …

Most monetary policy committees decide on interest rates using a simple majority voting rule. Given the inherent …