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We report results from a laboratory experiment that explores the effects of preference communication and leader selection mechanisms in group decision-making. In a setting where all members of a group get the same payoff based on the group leader's decision of how much risk to take, we study the...
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We develop a theoretical framework for studying the effects of interaction on the quaJity of decision-making by monetary policy committees. We show that interaction, i.e. increasing one's expertise through an exchange of views, is most likely not to result in interdependent voting...
Persistent link: https://www.econbiz.de/10011334835
We study a model of collective decision making with endogenous information collection.Agents collect information about the consequences of a project, communicate, and then vote onthe project. We examine under what conditions communication may increase the probability thatgood decisions are made....
Persistent link: https://www.econbiz.de/10011325966
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preschool children over the summer break in Peru. In response to learning losses during school closures induced by COVID-19 …-related activities, suggesting that learning gains are driven by greater parental involvement in child skill development. …
Persistent link: https://www.econbiz.de/10014495606
We study the impact of advice or observation on the depth of reasoning in an experimental beauty-contest game. Both … sources of information trigger faster convergence to the equilibrium. Yet, we find that subjects who receive naive advice …
Persistent link: https://www.econbiz.de/10010293382
from free riding on experts' advice; and we discuss policy options to solve the free-rider problem. …
Persistent link: https://www.econbiz.de/10010293427
We study the impact of advice or observation on the depth of reasoning in an experimental beauty-contest game. Both … sources of information trigger faster convergence to the equilibrium. Yet, we find that subjects who receive naïve advice …
Persistent link: https://www.econbiz.de/10010325406
advice on the implementation of red-kite-friendly agriculture in eight regions of Germany. The main objective was to improve … Schmidt und Breitsameter (2015) on the advice given to farmers, the consultants and farm representatives - including those … that did not receive any advice - were interviewed on their experiences and perspectives. The focus was on the motivation …
Persistent link: https://www.econbiz.de/10012119292