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Theory predicts that committees of experts may take decisions that look good but are bad and that they show a united … absence of cheap talk as a means to influence assessments hurts decision making and reduces the overall accuracy of …
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I investigate minority votes in the German Council of Economic Experts. The dataset contains information on the voting … against the majority opinion of the German Council of Economic Experts. This voting pattern indicates that the channel of … political appointment influences voting behavior. -- decision making in committees ; minority voting ; policy preferences …
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We study the choice of a principal to either delegate a decision to a group of careerist experts, or to consult them … aggregation. On the one hand, the expected benefit from being informed is larger in case the experts are consulted individually … individually and keep the decision-making power. Our model predicts a trade-off between information acquisition and information …
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