We study option management by committee. Analysis is illustrated by tenure decisions. Our innovations are two-fold: we …: rejecting a candidate at either the probationary or tenure stage return the committee to a candidate pool. For committees with N …. A patient or perceptive committee does best with a (weak) majority at the hiring stage and unanimity at the tenure stage …

We study option management by committee. Analysis is illustrated by tenure decisions. Our innovations are two-fold: we …: rejecting a candidate at either the probationary or tenure stage returns the committee to a candidate pool. For committees with … tenure stage. An impatient or imperceptive committee does best under a double (weak) majority rule. If particularly impatient …

We study option management by committee. Analysis is illustrated by tenure decisions. Our innovations are two-fold: we …: rejecting a candidate at either the probationary or tenure stage return the committee to a candidate pool. For committees with N … perceptive committee does best with a (weak) majority at the hiring stage and unanimity at the tenure stage. An impatient or …