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We study behavior in a search experiment where sellers receive randomized bids from a computer. At any time, sellers can accept the highest standing bid or ask for another bid at positive costs. We find that sellers stop searching earlier than theoretically optimal. Inducing a mild form of time...
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a threshold number of individual votes. We investigate optimal voting rules that maximize the committee's expected …
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A committee decides by unanimity whether to accept the current alternative, or to continue costly search. Each alternative is described by a vector of distinct attributes, and each committee member can privately assess the quality of one attribute (her "speciality"). Preferences are...
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obtain a significant outcome in relation to the size order of the probabilities of voting to stop searching in committee … search for the various plurality voting rules …
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