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We describe a new mechanism that induces accurate forecasts within an organization while reducing moral hazards and the stigma associated with negative opinions. It is based on the notion of identity escrow, whereby the identity of a forecaster is kept anonymous and only revealed when a number...
Persistent link: https://www.econbiz.de/10014106789
We use MPC voting records to predict changes in the volume of asset purchases. We find, first, that minority voting favoring an increase in the volume of asset purchases raises the probability of an actual increase at the next meeting. Second, minority voting supporting a higher Bank Rate...
Persistent link: https://www.econbiz.de/10013084342
Having information about an uncertain event is crucial for informed decision-making. This paper introduces a simple framework in which 1) a principal uses the reported beliefs of multiple agents to make a decision and 2) the agents reporting a belief are affected by the decision. Naturally, the...
Persistent link: https://www.econbiz.de/10014345600
We use MPC voting records to predict changes in the volume of asset purchases. We find, first, that minority voting favoring an increase in the volume of asset purchases raises the probability of an actual increase at the next meeting. Second, minority voting supporting a higher Bank Rate...
Persistent link: https://www.econbiz.de/10009723164
Power index research has been a very active field over the past few decades. Will this continue or have all important questions been solved? We argue that there are still many opportunities to conduct useful research with and on power indices. Positive and normative questions remain, calling for...
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