Whether Federal Reserve Bank presidents have the right to vote on the U.S. monetary policy committee depends on a mechanical, yearly rotation scheme. Rotation is without exclusion: also nonvoting presidents attend and participate in the meetings of the committee. Does voting status change...

This study investigates how group polarization can influence boards' acquisition premium decisions. The theory suggests that when prior premium experience would lead directors on average to support a relatively high premium prior to board discussions, they will support a focal premium that is...

It seems that understanding how individuals make decision within a group is an attractive and difficult challenge for economists, managerialists and researchers in human and social sciences for a long time, which is closely related to the theoretical development of economics. The rational...