Showing 1 - 5 of 5
Persistent link: https://www.econbiz.de/10003725542
Persistent link: https://www.econbiz.de/10003434879
A committee makes a decision on a project on behalf of the public. Members of the committee agree on the a priori value of the project, and hold additional private information about its consequences. They are experts who care about the value of the project and about being considered well...
Persistent link: https://www.econbiz.de/10011343285
Persistent link: https://www.econbiz.de/10002695421
Theory predicts that committees of experts may take decisions that look good but are bad and that they show a united front to impress evaluators. Although evaluators see through this behavior, committees persist in it only to avoid worse assessments. We investigate this theory in the lab, using...
Persistent link: https://www.econbiz.de/10011895939