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> This paper is concerned with the role of committees in collective decision-makingprocesses in a world where agents must be … motivated to collect information. Committees improvethe quality of decision-making by providing information and by coordinating … preferences of the committeemembers should be aligned to those of the decision maker. Members with similar preferences asthe …
Persistent link: https://www.econbiz.de/10011242149
> This paper is concerned with the role of committees in collective decision-makingprocesses in a world where agents must be … motivated to collect information. Committees improvethe quality of decision-making by providing information and by coordinating … preferences of the committeemembers should be aligned to those of the decision maker. Members with similar preferences asthe …
Persistent link: https://www.econbiz.de/10011256626
This paper is concerned with the role of committees in collective decision-making processes in a world where agents … must be motivated to collect information. Committees improve the quality of decision-making by providing information and by … affect final decisions? Second, what is the optimal composition of a committee from the decision maker's point of view? As to …
Persistent link: https://www.econbiz.de/10005144571
as well as investor preferences.Following the current empirical literature, we solve a static asset allocation problem …
Persistent link: https://www.econbiz.de/10011257172
financial decision making. In this paper we present a simple model based on loss aversion that can accommodate for all of these … as well as investor preferences. Following the current empirical literature, we solve a static asset allocation problem …
Persistent link: https://www.econbiz.de/10005144566
We examine whether the drastic improvement in liquidity in the US stockmarket after 2003 has impacted the systematic exposures of hedge funds to theUS-stock market. The relation between market exposure and Amihud’s illiquiditymeasure reverses significantly around a breakpoint situated...
Persistent link: https://www.econbiz.de/10011256985