Showing 1 - 10 of 2,234
We study experimentally the effectiveness of communication in common value committees exhibiting publicly known …
Persistent link: https://www.econbiz.de/10011444227
Despite the wide variety of agendas used in legislative settings, the literature on sophisticated voting has focused on … characterize the social choice rules implemented by sophisticated voting on agendas with these two features. I also characterize … related to the prevailing rules for order-of-voting used by legislatures. These results establish a clear connection between …
Persistent link: https://www.econbiz.de/10012415641
This paper analyzes truthtelling incentives in pre-vote communication in heterogeneous committees. We generalize the … sincere voting is an equilibrium outcome of our model for a large set of parameter values implying the possibility of ex post … conflict between committee members. Furthermore, abandonning the assumption of sincere voting, we characterize necessary and …
Persistent link: https://www.econbiz.de/10009748686
Persistent link: https://www.econbiz.de/10011672913
We provide an explanation for why committees may behave over-cautiously. A committee of experts makes a decision on a … aggregation fails in large committees: under any majority rule, the committee rejects the innovation almost surely. …
Persistent link: https://www.econbiz.de/10010195361
standard voting model, we show that information is aggregated in large committees provided disesteem payoffs are not overly … disesteem payoff if he/she voted in favor of an ill-fated innovation. An example is FDA committees, where committee members can …, information aggregation fails in large committees and the committee rejects the innovation almost surely, providing an explanation …
Persistent link: https://www.econbiz.de/10010356364
of the project and about being considered well informed. Before voting on the project, members can exchange their private … committees to show a united front. These results hold irrespective of whether information can be manipulated or not. Also … those of the member casting the decisive vote. Our last result is that the optimal voting rule balances the quality of …
Persistent link: https://www.econbiz.de/10011343285
information aggregation. Despite this, unanimity is frequently used in committees making decisions on behalf of society. This … rationale for the widespread use of unanimous voting. …
Persistent link: https://www.econbiz.de/10011696383
treatments (different prior and signal distributions) that pose different challenges for the voters. In one, simply voting for …
Persistent link: https://www.econbiz.de/10012061937
reasoning), but strikingly overestimate their pivotality when voting (contradicting plain lying aversion). That is, committees … committees. Subjects get private signals about the state of world, send binary messages, and finally vote under either majority … truthful messages and sincere voting. A simple one-parameteric generalization of quantal response equilibrium capturing …
Persistent link: https://www.econbiz.de/10014442413