Showing 1 - 10 of 20,230
This paper is concerned with the role of committees in collective decision-making processes in a world where agents … must be motivated to collect information. Committees improve the quality of decision-making by providing information and by … affect final decisions? Second, what is the optimal composition of a committee from the decision maker's point of view? As to …
Persistent link: https://www.econbiz.de/10014031355
This paper formulates and solves an economic decision problem of the acquisition of costly information in data …-driven decision making. The paper assumes an agent predicting a random variable utilizing several costly explanatory variables. Prior … to the decision making, the agent learns about the relationship between the random variables utilizing its past …
Persistent link: https://www.econbiz.de/10013252926
We study a decision process of a two-agent organization that consists of a decision-maker who selects a project and an … implementer who implements and executes the selected project. Each of the decision-maker and the implementer has intrinsic and … possibly divergent preferences over projects. Key features of the model are that (i) there is the separation of decision and …
Persistent link: https://www.econbiz.de/10012903489
We analyze how reputational concerns of arbitrators affect the quality of their decision process, in particular … acquisition but may induce arbitrators to bias their decisions towards one party in the dispute. This decision bias is greater …
Persistent link: https://www.econbiz.de/10014048311
We study a model of collective decision making with endogenous information collection.Agents collect information about … decision is made. The reason for this result is that communicationmay aggravate the free-rider problem associated with …
Persistent link: https://www.econbiz.de/10011325966
search processes and decision-making quality. Drawing on the accountability literature and causal reasoning theory, we … predict that process accountability stimulates information search effort and enhances decision quality. Additionally, we posit … that causal chain usage enhances focus on relevant cues, and increases search effort and decision quality under outcome …
Persistent link: https://www.econbiz.de/10012909649
, social learning, and financial decision-making. Individuals in our model are permitted to appreciate and use the information …
Persistent link: https://www.econbiz.de/10013146853
Effective financial reporting requires efficient information processing. This paper studies factors that determine efficient information processing. I exploit a unique small business lending setting where I am able to observe the entire codified demographic and accounting information set that...
Persistent link: https://www.econbiz.de/10014239248
We study a model of collective decision making with endogenous information collection. Agents collect information about … that a correct decision is made. The reason for this result is that communication may aggravate the free-rider problem …
Persistent link: https://www.econbiz.de/10014067953
In this paper, we study collective information acquisition in groups that make decisions using majority rule. We argue both theoretically and experimentally that the median voter theorem does not apply; in general, the level of information acquired by the group is not equal to the level of...
Persistent link: https://www.econbiz.de/10014243171