Showing 1 - 10 of 19
Persistent link: https://www.econbiz.de/10009755661
We consider a job contest in which candidates go through interviews (cheap talk) and are subject to reference checks. We show how competitive pressure - increasing the ratio of "good" to "bad" type applicants - can lead to a vast increase in job interview lying and in some cases make bad hires...
Persistent link: https://www.econbiz.de/10014162151
In this paper, we provide an explanation for why committees may behave over-cautiously. A committee of experts must decide whether to approve or reject a proposed innovation on behalf of "society." Each expert's private signal is a noisy version of what the "state of the art science" would...
Persistent link: https://www.econbiz.de/10014162207
Many important decisions within public and private organizations are based on recommendations from expert committees and advisory boards. A notable example is the U.S. Food and Drug Administration's advisory committees, which make recommendations on new drug applications. Previously the voting...
Persistent link: https://www.econbiz.de/10012915444
A manager/mechanism designer must allocate a set of money prizes ($1, $2, .., $n ) between n agents working in a team. The agents know the state i.e. who contributed most, second most, etc. The agents' preferences over prizes are state independent. We incorporate the possibility that the manager...
Persistent link: https://www.econbiz.de/10013089029
We provide an explanation for why committees may behave over-cautiously. A committee of experts makes a decision on a proposed innovation on behalf of 'society'. Each expert's signal about the innovation's quality is generated by the available evidence and the best practices of the experts'...
Persistent link: https://www.econbiz.de/10010195361
Persistent link: https://www.econbiz.de/10010348129
In this paper, we consider a committee of experts that decides whether to approve or reject a proposed innovation on behalf of society. In addition to a payoff linked to the adequateness of the committee's decision, each expert receives a disesteem payoff if he/she voted in favor of an ill-fated...
Persistent link: https://www.econbiz.de/10010356364
Many important decisions within public and private organizations are based on recommendations from expert committees and advisory boards. A notable example is the U.S. Food and Drug Administration's advisory committees, which make recommendations on new drug applications. Previously the voting...
Persistent link: https://www.econbiz.de/10011880455
Persistent link: https://www.econbiz.de/10011793382