paper investigates how these findings translate to experts' decision making and information acquisition in the field. In a …Laboratory experiments find a robust relationship between decision times and perceived values of alternatives. This … be chosen later than earlier; (ii) decision time is higher when the likelihood of choosing each alternative is closer to …

Complex and important policy decisions are often made with advice from a committee of experts, where experts first … convene and discuss, before finalizing their collective decision with a vote. We show that the voting structure (whether the … experts vote sequentially or simultaneously) plays a fundamental role in the nature of discussions, the independence of votes …

Actors in various settings have been increasingly relying on algorithmic tools to support their decision-making. Much … - decision-makers cannot verify the quality of such goods, even after "consuming" them. Based on this finding, we test two … algorithm, it remarkably decreases human decision-making performance. In the second treatment, we reveal the task's correct …

same public information and similar evaluation methods, and because of social learning or herding amongst peers. We analyse … problem and to quantitatively assess answers regarding the initial questions. We find strong evidence for herding in … from experts external to the survey. The social multiplier approximately doubles the effect of information (signals …

The present research investigates certification effects and rational herding in reward based crowdfunding (RBCF … and rational herding. Contributions from expert backers are perceived as positive quality signals by potential future … backers. Experts hence lead the crowd, and this effect appears to be robust …

to identify herding. Estimates suggest that around half of the panelists are willing to vote against their private … assessment if votes from previous experts indicate otherwise and, on average, 9 percent of the sequential votes are actual herd …-votes. Temporary committee members are more prone to herding than regular (standing) members. We find that simultaneous voting improves …