A criticism of mechanism design theory is that the optimal mechanism designed for one environment can produce drastically different actions, outcomes, and payoffs in a second, even slightly different, environment. In this sense, the theoretically optimal mechanisms usually studied are not...

This paper is concerned with the effect of the voting rule adopted by a capital budgeting committee on the allocation of resources among divisions. The results of a laboratory experiment indicate that different voting rules have different characteristics measured in terms of the size of the...

In the estimation of error rates for populations, whose error rate is quite small, the usual assumption of normality can lead to erroneous results. The confidence interval that is actually calculated for any given probability will have too low a lower bound, and not a high enough upper bound....