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We study experimentally the effectiveness of communication in common value committees exhibiting publicly known …
Persistent link: https://www.econbiz.de/10011444227
during an election day. Using a pivotal costly voting model of elections in which voters have privately observed preferences …
Persistent link: https://www.econbiz.de/10012221414
Theory predicts that committees of experts may take decisions that look good but are bad and that they show a united … front to impress evaluators. Although evaluators see through this behavior, committees persist in it only to avoid worse … of committees, words speak louder than costly decisions. Evaluators pick this up. Orthogonality tests show that …
Persistent link: https://www.econbiz.de/10011895939
We show theoretical and experimental results that demonstrate the potential of transparency to influence committee decision making and deliberation. We present a model in which committee members have career concerns and unanimity is needed to change the status quo. We study three scenarios -...
Persistent link: https://www.econbiz.de/10010486059
political phenomena that ensued is presented. In the case of sophisticated voting over certain kinds of binary agendas, such as … sometimes yield “sophisticated sincerity”, where equilibrium voting behavior is indistinguishable from sincere voting. Under … behave leads to probabilistic voting models that typically yield utilitarian outcomes. Uncertainty among the voters over …
Persistent link: https://www.econbiz.de/10014024486
affects information aggregation at the deliberation and voting stages, leading to sharply different committee error rates than …
Persistent link: https://www.econbiz.de/10010516456
Majority voting is considered an efficient information aggregation mechanism in committee decision-making. We examine … acquisition, voting, and overall efficiency. …
Persistent link: https://www.econbiz.de/10014501231
group of people who make a decision by voting on a proposal. An outside expert who observes the qualities of a proposal …
Persistent link: https://www.econbiz.de/10012953021
her own bias. In other words, the expert's cheap talk prevents a voting procedure from aggregating decision makers …
Persistent link: https://www.econbiz.de/10012901595
We study how interest alignment between CEOs and corporate boards affects investment efficiency. The model entails a CEO who encounters an investment project and decides either or not to present it for approval to a board of directors. The CEO may need to collect and report investment-relevant...
Persistent link: https://www.econbiz.de/10013313483