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information aggregation. Despite this, unanimity is frequently used in committees making decisions on behalf of society. This …
Persistent link: https://www.econbiz.de/10011696383
When making a decision, humans consider two types of information: information they have acquired through their prior experience of the world, and further information they gather to support the decision in question. Here, we present evidence that data from search engines such as Google can help...
Persistent link: https://www.econbiz.de/10012890500
Whether one looks at revenue, public and private investment, or media coverage; men's sports consistently do better than women's sports. Many people argue that these differences are driven by absolute differences in the quality of athletes in men's and women's sports. We begin by noting that...
Persistent link: https://www.econbiz.de/10012820024
Multiple agent-based models (ABM) on social-ecological systems exist in parallel investigating similar research questions. However, the choice of a particular human decision model is often not sufficiently empirically or theoretically substantiated in the model documentation. Furthermore, model...
Persistent link: https://www.econbiz.de/10014170344
When faced with the chance to help someone in mortal danger, what is our first response? Do we leap into action, only later considering the risks to ourselves? Or must instinctive self-preservation be overcome by will-power in order to act? We investigate this question by examining the testimony...
Persistent link: https://www.econbiz.de/10014146581
We review two fundamentally different ways that decision time is related to cooperation. First, studies have experimentally manipulated decision time to understand how cooperation is related to the use of intuition versus deliberation. Current evidence supports the claim that time pressure (and,...
Persistent link: https://www.econbiz.de/10014113978
Recent studies suggest that cooperative decision-making in one-shot interactions is a history-dependent dynamic process: promoting intuition versus deliberation has typically a positive effect on cooperation (dynamism) among people living in a cooperative setting and with no previous experience...
Persistent link: https://www.econbiz.de/10013028985
In this paper, we focus on the analysis of individual decision making for the formation of social networks, using experimentally generated data. We first analyse the determinants of the individual demand for links under the assumption of agents' static expectations. The results of this exercise...
Persistent link: https://www.econbiz.de/10010281646
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 …
Persistent link: https://www.econbiz.de/10010324872
Most monetary policy committees decide on interest rates using a simple majority voting rule. Given the inherent …
Persistent link: https://www.econbiz.de/10010325243