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Time pressure is a central aspect of economic decision making nowadays. It is therefore natural to ask how time … pressure affects decisions, and how to detect individual heterogeneity in the ability to successfully cope with time pressure …. In the context of risky decisions, we ask whether a person's performance under time pressure can be predicted by …
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We study an organization with a top management (principal) and multiple subunits (agents) with private information that determine the organization's aggregate efficiency. Under centralization, eliciting the agents' private information may induce the principal to manipulate aggregate information,...
Persistent link: https://www.econbiz.de/10011904801
We study information flows in an organization with a top management (principal) and multiple subunits (agents) with private information that determines the organization's aggregate efficiency. Under centralization, eliciting the agents' private information may induce the principal to manipulate...
Persistent link: https://www.econbiz.de/10014476692
information aggregation. Despite this, unanimity is frequently used in committees making decisions on behalf of society. This …, unanimity can facilitate truthful communication and optimal information aggregation. Theoretically, we show that since agents …
Persistent link: https://www.econbiz.de/10011696383
in search of the best offer, both time-wise and in terms of potential regret of forgoing unique purchasing opportunities … interaction on search behavior in a pre-registered, theory-based, and well-powered experiment. Empirically, we and that … anticipated regret does not affect search behavior either with or without time pressure, while experienced regret leads to …
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