Showing 1 - 10 of 14
Persistent link: https://www.econbiz.de/10010501454
Purpose - In 1951, Kenneth Arrow proved that it is not possible to have a group decision-making procedure that satisfies reasonable requirements like fairness. From the theoretical viewpoint, this is a great result - welldeserving the Nobel Prize that was awarded to Professor Arrow. However,...
Persistent link: https://www.econbiz.de/10012695181
Persistent link: https://www.econbiz.de/10015178341
This paper analyzes responsibility attributions for outcomes of collective decision making processes. In particular, we ask if decision makers are blamed for being pivotal if they implement an unpopular outcome in a sequential voting process. We conduct an experimental voting game in which...
Persistent link: https://www.econbiz.de/10010243444
Persistent link: https://www.econbiz.de/10010393541
We study decision rules for committees that repeatedly take a binary decision. Committee members are privately informed about their payoffs and monetary transfers are not feasible. In static environments, the only strategy-proof mechanisms are voting rules which are criticized for being...
Persistent link: https://www.econbiz.de/10010341070
Persistent link: https://www.econbiz.de/10010500944
Persistent link: https://www.econbiz.de/10011492198
We study a model of collective decision making with endogenous information collection.Agents collect information about the consequences of a project, communicate, and then vote onthe project. We examine under what conditions communication may increase the probability thatgood decisions are made....
Persistent link: https://www.econbiz.de/10011325966
Persistent link: https://www.econbiz.de/10011996468