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This paper is concerned with the role of committees in collective decision-makingprocesses in a world where agents must … be motivated to collect information. Committees improvethe quality of decision-making by providing information and by … preferences of the committeemembers should be aligned to those of the decision maker. Members with similar preferences asthe …
Persistent link: https://www.econbiz.de/10010324872
This paper is concerned with the role of committees in collective decision-making processes in a world where agents … must be motivated to collect information. Committees improve the quality of decision-making by providing information and by … affect final decisions? Second, what is the optimal composition of a committee from the decision maker's point of view? As to …
Persistent link: https://www.econbiz.de/10014031355
This paper is concerned with the role of committees in collective decision-making processes in a world where agents … must be motivated to collect information. Committees improve the quality of decision-making by providing information and by … affect final decisions? Second, what is the optimal composition of a committee from the decision maker's point of view? As to …
Persistent link: https://www.econbiz.de/10005144571
> This paper is concerned with the role of committees in collective decision-makingprocesses in a world where agents must be … motivated to collect information. Committees improvethe quality of decision-making by providing information and by coordinating … preferences of the committeemembers should be aligned to those of the decision maker. Members with similar preferences asthe …
Persistent link: https://www.econbiz.de/10011242149
> This paper is concerned with the role of committees in collective decision-makingprocesses in a world where agents must be … motivated to collect information. Committees improvethe quality of decision-making by providing information and by coordinating … preferences of the committeemembers should be aligned to those of the decision maker. Members with similar preferences asthe …
Persistent link: https://www.econbiz.de/10011256626
A decision-maker (DM) faces an intertemporal decision problem, where his payoff depends on actions taken across time as …
Persistent link: https://www.econbiz.de/10012902173
In this paper, I studied an information acquisition problem: a decision maker acquires information about payoff … relevant states to facilitate decision making. My primary focus is on flexibility: the decision maker can choose any dynamic … learning dynamics with posterior separable informativeness measure: the decision maker will seek for an informative evidence …
Persistent link: https://www.econbiz.de/10012933065
This paper studies static rational inattention problems with multiple actions and multiple shocks. We solve for the optimal signals chosen by agents and provide tools to interpret information processing. By relaxing restrictive assumptions previously used to gain tractability, we allow agents...
Persistent link: https://www.econbiz.de/10012806924
This paper presents a general framework for constructing and solving the multivariate static linear quadratic Gaussian (LQG) rational inattention tracking problem. We interpret the nature of the solution and the implied action of the agent, and we construct representations that formalize how the...
Persistent link: https://www.econbiz.de/10011803264
We report the results of an experiment on selective exposure to information. A decision maker interested in learning … informed on the state, they report it truthfully; when uninformed, they report their favorite state. A Bayesian decision maker …. In line with the theory, subjects are more likely to seek confirmatory information when sources are symmetrically …
Persistent link: https://www.econbiz.de/10014383694