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> 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 coordinating … preferences of the committeemembers should be aligned to those of the decision maker. Members with similar preferences asthe …
Persistent link: https://www.econbiz.de/10011242149
> 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 coordinating … preferences of the committeemembers should be aligned to those of the decision maker. Members with similar preferences asthe …
Persistent link: https://www.econbiz.de/10011256626
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 …
Persistent link: https://www.econbiz.de/10005144571
For more than three decades, empirical analysis of stochastic dominance was restricted to settings with mutually exclusive choice alternatives. In recent years, a number of methods for testing efficiency of diversified portfolios have emerged, which can be classified into three main categories:...
Persistent link: https://www.econbiz.de/10011255464
This paper points out the importance of Stochastic Dominance (SD) efficient sets being convex. We reviewclassic convexity and efficient set characterization results on SD efficiency of a given portfolio relative to adiversified set of assets and generalize them in the following aspects. First,...
Persistent link: https://www.econbiz.de/10011256268
For more than three decades, empirical analysis of stochastic dominance was restricted to settings with mutually exclusive choice alternatives. In recent years, a number of methods for testing efficiency of diversified portfolios have emerged, which can be classified into three main categories:...
Persistent link: https://www.econbiz.de/10008611034
This paper points out the importance of Stochastic Dominance (SD) efficient sets being convex. We review
Persistent link: https://www.econbiz.de/10008513225