Midjord, Rune; Rodriguez Barraquer, Tomas; Valasek, Justin - Center for the Study of Rationality, Hebrew University … - 2013
In this paper, we demonstrate that payoffs linked to a committee member's individual vote may explain over-cautious behavior in committees. A committee of experts must decide whether to approve or reject a proposed innovation on behalf of society. In addition to a payoff linked to the...