Showing 1 - 10 of 1,269
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
We characterise the strategic equivalence among k -winner contests using simultaneous and sequential winner selection. We test this prediction of strategic equivalence using a series of laboratory experiments, contrasting 1-winner contests with 2-winner contests, varying in the latter whether...
Persistent link: https://www.econbiz.de/10015328843
In a society composed of citizens and a dictator: what are the conditions for a successful citizens' revolt? What kind of strategies do governments follow to prevent such revolts? In this paper we argue that the concept of networks is a very powerful tool to understand these issues, as shown...
Persistent link: https://www.econbiz.de/10012707235
In our political-agency setting, voters are uninformed about two traits of an incumbent politician: ability and bias. Voters observe the implemented policy and learn the state immediately before the election. We show that when the bias of biased politicians is strong such that voters prefer...
Persistent link: https://www.econbiz.de/10012850645
In a Bayesian persuasion setting, a sender persuades a receiver to take an action by designing and committing to disclose information about the receiver's payoff of taking the action. We propose a model that incorporates reciprocity into the Bayesian persuasion setting, using the approach of...
Persistent link: https://www.econbiz.de/10012917498
This paper experimentally tests the effectiveness of three crowdsourced signaling mechanisms on their ability to resolve an asymmetric information problem over product quality for a set of consumers. Motivated by naturally occurring environments, the first mechanism allowed experimental subjects...
Persistent link: https://www.econbiz.de/10012860919
Asymmetric information plays an important role in markets and politics. When parties are asymmetrically informed and have misaligned preferences, they may be hurt by adverse selection. By contrast, if parties know that their preferences are aligned, they may benefit from advantageous selection....
Persistent link: https://www.econbiz.de/10012863511
We study experimentally the effectiveness of communication in common value committees exhibiting publicly known heterogeneous biases. We test models assuming respectively self-interested and strategic, joint payoff-maximizing and cognitively heterogeneous agents. These predict varying degrees of...
Persistent link: https://www.econbiz.de/10012995161
We investigate experimentally the effects of corrupt experts on information aggregation in committees. We find that non-experts are significantly less likely to delegate through abstention when there is a probability that experts are corrupt. Such decreased abstention when the probability of...
Persistent link: https://www.econbiz.de/10013047178
We attempt to determine if tournaments create an intrinsic desire of agents to work long and hard even after all prizes are paid out by developing a theory of workaholic behavior. We base this theory on a model for asymmetric belief updating. In this model, agents infer their productivity from...
Persistent link: https://www.econbiz.de/10014095342