heterogeneity of committee members, this voting rule is suboptimal in terms of the quality of the interest rate decision, but …

Quantum decision theory (QDT) is a recently developed theory of decision making based on the mathematics of Hilbert … decision making. QDT describes a decision maker's choice as a stochastic event occurring with a probability that is the sum of … subjectivity on decision makers, the quarter law. We examine individual and aggregated (group) data, and find that the results are …

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 …

Intuition can lead to more effective decision-making than analysis under certain conditions. This assumption can be … regarded as common sense. However, dominant research streams on intuition effectiveness in decision-making conceptualize … article suggests the structuredness of the decision problem as the main criterion for intuition effectiveness, and proposes …

We review two fundamentally different ways that decision time is related to cooperation. First, studies have … experimentally manipulated decision time to understand how cooperation is related to the use of intuition versus deliberation …, correlational studies reveal that self-paced decision times are primarily related to decision conflict, not the use of intuition or …

Having information about an uncertain event is crucial for informed decision-making. This paper introduces a simple … framework in which 1) a principal uses the reported beliefs of multiple agents to make a decision and 2) the agents reporting a … belief are affected by the decision. Naturally, the question arises how the principal can incentivize the agents to report …

Decision theoretic models of group decision processes usually assume a given set of alternatives, about which the … decision has to take place. In realistic group decision situations, however, alternatives are often not specified a priori, but …