This paper experimentally investigates how fair value measurements of financial instruments affect the decision of … decision. We find that investment decreases as a result of transitions from the first to the third level and we even observe …

We study a decision process of a two-agent organization that consists of a decision-maker who selects a project and an … implementer who implements and executes the selected project. Each of the decision-maker and the implementer has intrinsic and … possibly divergent preferences over projects. Key features of the model are that (i) there is the separation of decision and …

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 …

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 … preferences of the committeemembers should be aligned to those of the decision maker. Members with similar preferences asthe …

We report the results of an experiment on selective exposure to information. A decision maker interested in learning … informed on the state, they report it truthfully; when uninformed, they report their favorite state. A Bayesian decision maker …. In line with the theory, subjects are more likely to seek confirmatory information when sources are symmetrically …

The current study examines individual decision making in the fi eld of personal finance. How do people arrive at a … financial decision? A laboratory experiment investigates the way external information is integrated into the decision making … show that participants with low financial literacy generally try to compensate for their low decision-specific knowledge …

decision. We report results from lab experiments focused on such information-collection processes. We consider decisions … decision accuracies over time. Furthermore, groups using majority rule yield especially hasty and inaccurate decisions …

search processes and decision-making quality. Drawing on the accountability literature and causal reasoning theory, we … predict that process accountability stimulates information search effort and enhances decision quality. Additionally, we posit … that causal chain usage enhances focus on relevant cues, and increases search effort and decision quality under outcome …