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We study selection rules: the procedures committees use to choose whether to place an issue on their agenda. At the selection stage of the model, committee members are uncertain about their final preferences. They only know the probability that they will prefer the proposal to the status quo at...
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under secrecy. This occurs despite subjects revealing more information under transparency than theory predicts. …
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Which decision rule should we use to make a binary collective choice? While voting procedures are applied ubiquitously, they are criticized for being inefficient. Using monetary transfers, efficient choices can be made at the cost of a budget imbalance. Is it optimal to do so? And why are...
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We study experimentally the effectiveness of communication in common value committees exhibiting publicly known heterogeneous biases. We test models assuming respectively self-interested and strategic-, joint payoff-maximizing- and cognitively heterogeneous agents. These predict varying degrees...
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