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Deliberation, information aggregation and collective decision making

Swank, Otto H.; Wrasai, Phongthorn - 2003

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

Learning More by Doing Less : Capacity and Competition in Bayesian Persuasion

Boleslavsky, Raphael - 2013

Self-interested agents produce information in an attempt to convince a principal to act on their behalf. Agents provide less informative evidence than the principal prefers since doing so maximizes the probability the principal acts in their favor. If the principal faces constraints that limit...

Persistent link: https://www.econbiz.de/10013081078

That's the Ticket : Explicit Lottery Randomisation and Learning in Tullock Contests

Chowdhury, Subhasish M. - 2017

We experimentally contrast mathematical versus operational explanations of Tullock lottery contests. We contrast a protocol explaining the contest in terms of probability of winning, with an operational approach that carries out the random component of the contest as an explicit lottery each...

Persistent link: https://www.econbiz.de/10012960639

Communication and voting in heterogeneous committees : an experimental study

Thordal-Le Quement, Mark; Marcin, Isabel - 2016

We study experimentally the effectiveness of communication in common value committees exhibiting publicly known heterogeneous biases. We test models assuming respectively self-interested and strategic-, joint payoff-maximizing- and cognitively heterogeneous agents. These predict varying degrees...

Persistent link: https://www.econbiz.de/10011444227

On self-serving strategic beliefs

Ging-Jehli, Nadja R.; Schneider, Florian; Weber, Roberto A. - 2019

We experimentally study settings where an individual may have an incentive to adopt negative beliefs about another … engaging in "strategic cynicism," convincing themselves of the opponent's ill intentions. We elicit incentivized beliefs both … from players with such an incentive and from neutral third parties with no incentive to bias their beliefs. We find no …

Persistent link: https://www.econbiz.de/10011967187

On self-serving strategic beliefs

Ging-Jehli, Nadja R.; Schneider, Florian; Weber, Roberto A. - 2019

Persistent link: https://www.econbiz.de/10011973976

Political Parties : Insights from a Tri-Planar Model of Political Economy

Hebert, David J. - 2017

What is the place of political parties within a democratic system of political economy? Parties are often described as intermediaries that lubricate the political process by facilitating the matching of voter preferences with candidate positions. This line of analysis flows from a bi-planar...

Persistent link: https://www.econbiz.de/10012972069

Vanity in politics : a problem?

Suurmond, Guido; Swank, Otto H.; Visser, Bauke - 2002

Can vanity do any good? It may seem obvious to answer this question in the negative, as economists have shown how reputational concerns lead agents e.g. to ignore valuable information, to herd, and to become overly risk averse. We explore how proud agents may be a social blessing. An agent may...

Persistent link: https://www.econbiz.de/10011327825

Machiavellian Fair Play : Electoral Incentives to Implement Programmatic Transfers

Tomasi, Arduino - 2020

If a welfare transfers policy is programmatic (it is non-partisan, transparent and persisting), is it irrelevant for politicians' electoral fortunes? I show that the answer is no with a political agency model where politicians' competence is uncertain to all. In my set-up, an incumbent...

Persistent link: https://www.econbiz.de/10012828854

Contagion of populist extremism

Kishishita, Daiki; Yamagishi, Atsushi - 2020

To explore the propagation of undesirable policies in a form of populist extremism, we construct a social learning …

Persistent link: https://www.econbiz.de/10012195578