Similar Search Results

Conformity preferences and information gathering effort in collective decision making

Ding, Huihui - In: The B.E. journal of theoretical economics 18 (2018) 1, pp. 1-18

Persistent link: https://www.econbiz.de/10011869083

Gerardi, Dino; Yariv, Leeat - 2007

The goal of this paper is to illustrate the significance of information acquisition in mechanism design. We provide a stark example of a mechanism design problem in a collective choice environment with information acquisition. We concentrate on committees that are comprised of agents sharing a...

Persistent link: https://www.econbiz.de/10014224606

Deliberation, Information Aggregation, and Collective Decision Making

Swank, Otto H.; Wrasai, Phongthorn - 2004

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 on the project. We examine under what conditions communication may increase the probability that good decisions are...

Persistent link: https://www.econbiz.de/10014067953

Incentives : motivation and the economics of information

Campbell, Donald E. - 1995 - 1. publ.

Persistent link: https://www.econbiz.de/10013493696

Committees as active audiences : reputation concerns and information acquisition

Swank, Otto H.; Visser, Bauke - In: Journal of public economics 221 (2023), pp. 1-11

Persistent link: https://www.econbiz.de/10014288040

Search Committees

Moldovanu, Benny; Shi, Xianwen - 2011

A committee decides by unanimity whether to accept the current alternative, or to continue costly search. Each alternative is described by a vector of distinct attributes, and each committee member can privately assess the quality of one attribute (her "speciality"). Preferences are...

Persistent link: https://www.econbiz.de/10014189418

Collective information acquisition

Eliaz, Kfir; Eilat, Ran - 2020

Persistent link: https://www.econbiz.de/10012306242

Teams contribute more and punish less

Auerswald, Heike; Schmidt, Carsten; Thum, Marcel; … - 2016

goods typically assume a single rational decision-maker. We use a laboratory experiment to compare team decisions to … contribute more to the public good than individuals. With a punishment option subsequently to the contribution decision team …. Extreme preferences for punishment are eliminated by the majority decision rule. Overall, team decisions are closer to the …

Persistent link: https://www.econbiz.de/10011541282

Preference communication and leadership in group decision-making

Ertac, Seda; Gurdal, Mehmet Y. - 2013 - First Version: July 2012, This Version: October 2013

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...

Persistent link: https://www.econbiz.de/10010222348

Delegation to a group

Fehrler, Sebastian; Janas, Moritz - 2021

We study the choice of a principal to either delegate a decision to a group of careerist experts, or to consult them individually and keep the decision-making power. Our model predicts a trade-off between information acquisition and information aggregation. On the one hand, the expected benefit...

Persistent link: https://www.econbiz.de/10012549435