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We study the choice of a principal to either delegate a decision to a group of careerist experts, or to consult them … individually and keep the decision-making power. Our model predicts a trade-off between information acquisition and information …
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Using natural disasters as shocks to local economies, we document that a bank branch's ability to set deposit rates locally has real effects. Following disasters, branches that set rates locally increase deposit rates more and experience higher deposit volumes in affected counties. Consistent...
Persistent link: https://www.econbiz.de/10012852547
We investigate how the choice of decision makers can be varied under the presence of risk and uncertainty. Our analysis … is based on the approach we have previously applied to individual decision makers, which we now generalize to the case of … decision makers that are members of a society. The approach employs the mathematical techniques that are common in quantum …
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technological innovation. This briefing refocuses attention from the technoethical challenges of AI to artificial decision …
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