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Information Aggregation in Standing and Ad Hoc Committees

Author

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  • S. Nageeb Ali
  • Jacob K. Goeree
  • Navin Kartik
  • Thomas R. Palfrey

Abstract

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Suggested Citation

  • S. Nageeb Ali & Jacob K. Goeree & Navin Kartik & Thomas R. Palfrey, 2008. "Information Aggregation in Standing and Ad Hoc Committees," American Economic Review, American Economic Association, vol. 98(2), pages 181-186, May.
  • Handle: RePEc:aea:aecrev:v:98:y:2008:i:2:p:181-86 Note: DOI: 10.1257/aer.98.2.181
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    References listed on IDEAS

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    1. Fudenberg, Drew & Levine, David, 1998. "Learning in games," European Economic Review, Elsevier, vol. 42(3-5), pages 631-639, May.
    2. Costa-Gomes, Miguel & Crawford, Vincent P & Broseta, Bruno, 2001. "Cognition and Behavior in Normal-Form Games: An Experimental Study," Econometrica, Econometric Society, vol. 69(5), pages 1193-1235, September.
    3. Drew Fudenberg, 2006. "Advancing Beyond Advances in Behavioral Economics," Journal of Economic Literature, American Economic Association, pages 694-711.
    4. Marcet, Albert & Sargent, Thomas J., 1989. "Convergence of least squares learning mechanisms in self-referential linear stochastic models," Journal of Economic Theory, Elsevier, vol. 48(2), pages 337-368, August.
    5. Paul William Glimcher & Kenway Louie & Joseph Kable, 2007. "Neuroeconomic Studies of Impulsivity: Now or Just as Soon as Possible?," American Economic Review, American Economic Association, vol. 97(2), pages 142-147, May.
    6. B. Douglas Bernheim & Antonio Rangel, 2004. "Addiction and Cue-Triggered Decision Processes," American Economic Review, American Economic Association, vol. 94(5), pages 1558-1590, December.
    7. Drew Fudenberg & David K. Levine, 1998. "The Theory of Learning in Games," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262061945, January.
    8. Xavier Gabaix & David Laibson & Guillermo Moloche & Stephen Weinberg, 2006. "Costly Information Acquisition: Experimental Analysis of a Boundedly Rational Model," American Economic Review, American Economic Association, vol. 96(4), pages 1043-1068, September.
    9. Andrew Caplin & Mark Dean, 2008. "Dopamine, Reward Prediction Error, and Economics," The Quarterly Journal of Economics, Oxford University Press, vol. 123(2), pages 663-701.
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    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
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    Cited by:

    1. Amrita Dillon & REBECCA B. MORTON & JEAN-ROBERT TYRAN, 2015. "Corruption in Committees: An Experimental Study of Information Aggregation through Voting," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 17(4), pages 553-579, August.
    2. Bougheas, Spiros & Nieboer, Jeroen & Sefton, Martin, 2015. "Risk taking and information aggregation in groups," Journal of Economic Psychology, Elsevier, vol. 51(C), pages 34-47.
    3. Bouton, Laurent & Castanheira, Micael & Llorente-Saguer, Aniol, 2016. "Divided majority and information aggregation: Theory and experiment," Journal of Public Economics, Elsevier, pages 114-128.
    4. Kohei Kawamura & Vasileios Vlaseros, 2015. "Expert Information and Majority Decisions," ESE Discussion Papers 261, Edinburgh School of Economics, University of Edinburgh.
    5. Kawamura, Kohei & Vlaseros, Vasileios, 2017. "Expert information and majority decisions," Journal of Public Economics, Elsevier, pages 77-88.
    6. Cox, Caleb A., 2015. "Cursed beliefs with common-value public goods," Journal of Public Economics, Elsevier, pages 52-65.
    7. Morton, Rebecca B. & Ou, Kai, 2015. "What motivates bandwagon voting behavior: Altruism or a desire to win?," European Journal of Political Economy, Elsevier, vol. 40(PB), pages 224-241.
    8. Cesar Martinelli & Thomas R. Palfrey, 2017. "Communication and Information in Games of Collective Decision: A Survey of Experimental Results," Working Papers 1065, George Mason University, Interdisciplinary Center for Economic Science.
    9. Cox, Caleb, 2014. "Cursed beliefs with common-value public goods," MPRA Paper 53074, University Library of Munich, Germany.
    10. Ben-Yashar, Ruth & Danziger, Leif, 2016. "The unanimity rule and extremely asymmetric committees," Journal of Mathematical Economics, Elsevier, vol. 64(C), pages 107-112.
    11. Bhattacharya, Sourav & Duffy, John & Kim, SunTak, 2017. "Voting with endogenous information acquisition: Experimental evidence," Games and Economic Behavior, Elsevier, vol. 102(C), pages 316-338.
    12. Morton, Rebecca B. & Tyran, Jean-Robert, 2011. "Let the experts decide? Asymmetric information, abstention, and coordination in standing committees," Games and Economic Behavior, Elsevier, pages 485-509.
    13. Rebecca B. Morton & Marco Piovesan & Jean-Robert Tyran, 2012. "The Dark Side of the Vote: Biased Voters, Social Information, and Information Aggregation Through Majority Voting," Harvard Business School Working Papers 13-017, Harvard Business School.
    14. Ruth Ben-Yashar & Leif Danziger, 2015. "When is voting optimal?," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), pages 341-356.

    More about this item

    JEL classification:

    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior

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