Showing 1 - 10 of 688,815
Persistent link: https://www.econbiz.de/10011350127
We investigate experimentally the effects of corrupt experts on information aggregation in committees. We find that non-experts … are significantly less likely to delegate through abstention when there is a probability that experts are corrupt. Such … decreased abstention when the probability of corrupt experts is low, actually increases information efficiency in committee …
Persistent link: https://www.econbiz.de/10013047178
Persistent link: https://www.econbiz.de/10011823447
Persistent link: https://www.econbiz.de/10002233791
Numerous theoretical studies have shown that information aggregation through voting is fragile. We consider a model of information aggregation with vote-contingent payoffs and generically characterize voting behavior in large committees. We use this characterization to identify the set of...
Persistent link: https://www.econbiz.de/10012866804
Numerous theoretical studies have shown that information aggregation through voting is fragile. We consider a model of information aggregation with vote-contingent payoffs and generically characterize voting behavior in large committees. We use this characterization to identify the set of...
Persistent link: https://www.econbiz.de/10012868179
We study the effect of public information on collective decision-making in committees, where members can have both common and conflicting interests. In the presence of public information, the simple and efficient vote-your-signal strategy profile no longer constitutes an equilibrium under the...
Persistent link: https://www.econbiz.de/10011729095
Persistent link: https://www.econbiz.de/10014419500
This paper analyzes responsibility attributions for outcomes of collective decision making processes. In particular, we ask if decision makers are blamed for being pivotal if they implement an unpopular outcome in a sequential voting process. We conduct an experimental voting game in which...
Persistent link: https://www.econbiz.de/10010243444
Persistent link: https://www.econbiz.de/10012018437