Committee Search with Ex-ante Heterogeneous Agents: Theory and Experimental Evidence
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Sonnemans, Joep, 1998. "Strategies of search," Journal of Economic Behavior & Organization, Elsevier, vol. 35(3), pages 309-332, April.
- J. J. McCall, 1970. "Economics of Information and Job Search," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 84(1), pages 113-126.
- Schunk, Daniel & Winter, Joachim, 2009.
"The relationship between risk attitudes and heuristics in search tasks: A laboratory experiment,"
Journal of Economic Behavior & Organization, Elsevier, vol. 71(2), pages 347-360, August.
- Schunk, Daniel & Winter, Joachim, 2004. "The relationship between risk attitudes and heuristics in search tasks : a laboratory experiment," Papers 04-23, Sonderforschungsbreich 504.
- Daniel Schunk & Joachim Winter, 2005. "The Relationship Between Risk Attitudes and Heuristics in Search Tasks: A Laboratory Experiment," MEA discussion paper series 05077, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
- Schunk, Daniel & Winter, Joachim, 2007. "The Relationship Between Risk Attitudes and Heuristics in Search Tasks: A Laboratory Experiment," Discussion Papers in Economics 1377, University of Munich, Department of Economics.
- Schunk, Daniel & Winter, Joachim, 2004. "The Relationship Between Risk Attitudes and Heuristics in Search Tasks: A Laboratory Experiment," Sonderforschungsbereich 504 Publications 04-23, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
- Schunk, Daniel & Winter, Joachim, 2009. "The relationship between risk attitudes and heuristics in search tasks: A laboratory experiment," Munich Reprints in Economics 19880, University of Munich, Department of Economics.
- Kogut, Carl A., 1990. "Consumer search behavior and sunk costs," Journal of Economic Behavior & Organization, Elsevier, vol. 14(3), pages 381-392, December.
- Houser, Daniel & Winter, Joachim, 2004.
"How Do Behavioral Assumptions Affect Structural Inference? Evidence from a Laboratory Experiment,"
Journal of Business & Economic Statistics, American Statistical Association, vol. 22(1), pages 64-79, January.
- Daniel Houser & Joachim Winter, 2002. "How Do Behavioral Assumptions Affect Structural Inference? Evidence From A Laboratory Experiment," MEA discussion paper series 02005, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
- Houser, Daniel & Winter, Joachim, 2004. "How Do Behavioral Assumptions Affect Structural Inference? Evidence from a Laboratory Experiment," Munich Reprints in Economics 19372, University of Munich, Department of Economics.
- Lippman, Steven A & McCall, John J, 1976. "The Economics of Job Search: A Survey: Part I," Economic Inquiry, Western Economic Association International, vol. 14(2), pages 155-189, June.
- Albrecht, James & Anderson, Axel & Vroman, Susan, 2010.
"Search by committee,"
Journal of Economic Theory, Elsevier, vol. 145(4), pages 1386-1407, July.
- Susan Vroman & Axel Anderson & James Albrecht, 2007. "Search by Committee," 2007 Meeting Papers 351, Society for Economic Dynamics.
- James Albrecht & Axel Anderson & Susan Vroman, 2007. "Search by Committee," Working Papers gueconwpa~07-07-09, Georgetown University, Department of Economics.
- Albrecht, James & Anderson, Axel Z. & Vroman, Susan, 2007. "Search by Committee," IZA Discussion Papers 3137, Institute of Labor Economics (IZA).
- Rami Zwick & Amnon Rapoport & Alison King Chung Lo & A. V. Muthukrishnan, 2003. "Consumer Sequential Search: Not Enough or Too Much?," Marketing Science, INFORMS, vol. 22(4), pages 503-519, October.
- Messner, Matthias & Polborn, Mattias K., 2012. "The option to wait in collective decisions and optimal majority rules," Journal of Public Economics, Elsevier, vol. 96(5), pages 524-540.
- Meta Brown & Christopher J. Flinn & Andrew Schotter, 2011.
"Real-Time Search in the Laboratory and the Market,"
American Economic Review, American Economic Association, vol. 101(2), pages 948-974, April.
- Meta Brown & Christopher J. Flinn & Andrew Schotter, 2009. "Real-time search in the laboratory and the market," Staff Reports 410, Federal Reserve Bank of New York.
- Meta Brown & Christopher Flinn & Andrew Schotter, 2009. "Real-Time Search in the Laboratory and the Market," Carlo Alberto Notebooks 135, Collegio Carlo Alberto.
- Alpern, Steve & Gal, Shmuel & Solan, Eilon, 2010. "A sequential selection game with vetoes," Games and Economic Behavior, Elsevier, vol. 68(1), pages 1-14, January.
- Urs Fischbacher, 2007. "z-Tree: Zurich toolbox for ready-made economic experiments," Experimental Economics, Springer;Economic Science Association, vol. 10(2), pages 171-178, June.
- Jimmy Chan & Alessandro Lizzeri & Wing Suen & Leeat Yariv, 2018.
"Deliberating Collective Decisions,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 85(2), pages 929-963.
- Lizzeri, Alessandro & Yariv, Leeat & Chan, Jimmy & Suen, Wing, 2015. "Deliberating Collective Decisions," CEPR Discussion Papers 10466, C.E.P.R. Discussion Papers.
- Hey, John D., 1982. "Search for rules for search," Journal of Economic Behavior & Organization, Elsevier, vol. 3(1), pages 65-81, March.
- Hizen, Yoichi & Kawata, Keisuke & Sasaki, Masaru, 2013.
"An experimental test of a committee search model,"
European Economic Review, Elsevier, vol. 61(C), pages 59-76.
- Yoichi Hizen & Keisuke Kawata & Masaru Sasaki, 2011. "An Experimental Test of a Committee Search Model," Discussion Papers in Economics and Business 11-06-Rev, Osaka University, Graduate School of Economics, revised Sep 2012.
- Hizen, Yoichi & Kawata, Keisuke & Sasaki, Masaru, 2012. "An Experimental Test of a Committee Search Model," IZA Discussion Papers 6861, Institute of Labor Economics (IZA).
- Harrison, Glenn W & Morgan, Peter, 1990.
"Search Intensity in Experiments,"
Economic Journal, Royal Economic Society, vol. 100(401), pages 478-486, June.
- Glenn W. Harrison & Peter Morgan, 1987. "Search Intensity in Experiments," University of Western Ontario, Departmental Research Report Series 8711, University of Western Ontario, Department of Economics.
- Sonnemans, Joep, 2000.
"Decisions and strategies in a sequential search experiment,"
Journal of Economic Psychology, Elsevier, vol. 21(1), pages 91-102, February.
- Joep Sonnemans, 1998. "Decision and Strategies in a Sequential Search Experiment," Tinbergen Institute Discussion Papers 98-032/1, Tinbergen Institute.
- Cox, James C & Oaxaca, Ronald L, 1989. "Laboratory Experiments with a Finite-Horizon Job-Search Model," Journal of Risk and Uncertainty, Springer, vol. 2(3), pages 301-329, September.
- Olivier Compte & Philippe Jehiel, 2010.
"Bargaining and Majority Rules: A Collective Search Perspective,"
Journal of Political Economy, University of Chicago Press, vol. 118(2), pages 189-221, April.
- Philippe Jehiel & Oliver Compte, 2007. "Bargaining and Majority Rules: A Collective Search Perspective," Levine's Bibliography 843644000000000131, UCLA Department of Economics.
- Olivier Compte & Philippe Jehiel, 2010. "Bargaining and Majority Rules: A collective search Perspective," PSE-Ecole d'économie de Paris (Postprint) halshs-00754459, HAL.
- Olivier Compte & Philippe Jehiel, 2010. "Bargaining and Majority Rules: A collective search Perspective," Post-Print halshs-00754459, HAL.
- Bruno Strulovici, 2010.
"Learning While Voting: Determinants of Collective Experimentation,"
Econometrica, Econometric Society, vol. 78(3), pages 933-971, May.
- Bruno Strulovici, 2008. "Learning while voting: determinants of collective experimentation," Economics Papers 2008-W08, Economics Group, Nuffield College, University of Oxford.
- , & ,, 2013. "Specialization and partisanship in committee search," Theoretical Economics, Econometric Society, vol. 8(3), September.
- Jacob K. Goeree & Leeat Yariv, 2011. "An Experimental Study of Collective Deliberation," Econometrica, Econometric Society, vol. 79(3), pages 893-921, May.
- Hey, John D., 1981. "Are optimal search rules reasonable? and vice versa? (And does it matter anyway?)," Journal of Economic Behavior & Organization, Elsevier, vol. 2(1), pages 47-70, March.
- Schunk, Daniel, 2009. "Behavioral heterogeneity in dynamic search situations: Theory and experimental evidence," Journal of Economic Dynamics and Control, Elsevier, vol. 33(9), pages 1719-1738, September.
- Li Hao & Wing Suen, 2009.
"Viewpoint: Decision‐making in committees,"
Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 42(2), pages 359-392, May.
- Li Hao & Wing Suen, 2009. "Viewpoint: Decision-making in committees," Canadian Journal of Economics, Canadian Economics Association, vol. 42(2), pages 359-392, May.
- Mak, Vincent & Rapoport, Amnon & Seale, Darryl A., 2014. "Sequential search by groups with rank-dependent payoffs: An experimental study," Organizational Behavior and Human Decision Processes, Elsevier, vol. 124(2), pages 256-267.
- Lippman, Steven A & McCall, John J, 1976. "The Economics of Job Search: A Survey," Economic Inquiry, Western Economic Association International, vol. 14(3), pages 347-368, September.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Vincent Mak & Darryl A. Seale & Amnon Rapoport & Eyran J. Gisches, 2019. "Voting Rules in Sequential Search by Committees: Theory and Experiments," Management Science, INFORMS, vol. 65(9), pages 4349-4364, September.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Vincent Mak & Darryl A. Seale & Amnon Rapoport & Eyran J. Gisches, 2019. "Voting Rules in Sequential Search by Committees: Theory and Experiments," Management Science, INFORMS, vol. 65(9), pages 4349-4364, September.
- Schunk, Daniel, 2009. "Behavioral heterogeneity in dynamic search situations: Theory and experimental evidence," Journal of Economic Dynamics and Control, Elsevier, vol. 33(9), pages 1719-1738, September.
- Fu, Jingcheng & Sefton, Martin & Upward, Richard, 2019. "Social comparisons in job search," Journal of Economic Behavior & Organization, Elsevier, vol. 168(C), pages 338-361.
- Schunk, Daniel & Winter, Joachim, 2009.
"The relationship between risk attitudes and heuristics in search tasks: A laboratory experiment,"
Journal of Economic Behavior & Organization, Elsevier, vol. 71(2), pages 347-360, August.
- Schunk, Daniel & Winter, Joachim, 2004. "The relationship between risk attitudes and heuristics in search tasks : a laboratory experiment," Papers 04-23, Sonderforschungsbreich 504.
- Schunk, Daniel & Winter, Joachim, 2009. "The relationship between risk attitudes and heuristics in search tasks: A laboratory experiment," Munich Reprints in Economics 19880, University of Munich, Department of Economics.
- Daniel Schunk & Joachim Winter, 2005. "The Relationship Between Risk Attitudes and Heuristics in Search Tasks: A Laboratory Experiment," MEA discussion paper series 05077, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
- Schunk, Daniel & Winter, Joachim, 2007. "The Relationship Between Risk Attitudes and Heuristics in Search Tasks: A Laboratory Experiment," Discussion Papers in Economics 1377, University of Munich, Department of Economics.
- Schunk, Daniel & Winter, Joachim, 2004. "The Relationship Between Risk Attitudes and Heuristics in Search Tasks: A Laboratory Experiment," Sonderforschungsbereich 504 Publications 04-23, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
- Schunk, Daniel, 2005. "Search behaviour with reference point preferences : theory and experimental evidence," Papers 05-12, Sonderforschungsbreich 504.
- Klimm, Felix & Kocher, Martin G. & Opitz, Timm & Schudy, Simeon, 2023.
"Time pressure and regret in sequential search,"
Journal of Economic Behavior & Organization, Elsevier, vol. 206(C), pages 406-424.
- Felix Klimm & Martin G. Kocher & Timm Opitz & Simeon Schudy, 2021. "Time Pressure and Regret in Sequential Search," CESifo Working Paper Series 9122, CESifo.
- Klimm, Felix & Kocher, Martin G. & Opitz, Timm & Schudy, Simeon, 2022. "Time Pressure and Regret in Sequential Search," Rationality and Competition Discussion Paper Series 359, CRC TRR 190 Rationality and Competition.
- Rothlauf, Franz & Schunk, Daniel & Pfeiffer, Jella, 2005.
"Classification of human decision behavior : finding modular decision rules with genetic algorithms,"
Papers
05-04, Sonderforschungsbreich 504.
- Franz Rothlauf & Daniel Schunk & Jella Pfeiffer, 2005. "Classification of Human Decision Behavior: Finding Modular Decision Rules with Genetic Algorithms," MEA discussion paper series 05079, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
- Miura, Takahiro & Inukai, Keigo & Sasaki, Masaru, 2019. "Testing the Reference-Dependent Model: A Laboratory Search Experiment," IZA Discussion Papers 12378, Institute of Labor Economics (IZA).
- Charness, Gary & Kuhn, Peter, 2011.
"Lab Labor: What Can Labor Economists Learn from the Lab?,"
Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 4, chapter 3, pages 229-330,
Elsevier.
- Charness, Gary & Kuhn, Peter J., 2010. "Lab Labor: What Can Labor Economists Learn from the Lab?," IZA Discussion Papers 4941, Institute of Labor Economics (IZA).
- Gary Charness & Peter J. Kuhn, 2010. "Lab Labor: What Can Labor Economists Learn from the Lab?," NBER Working Papers 15913, National Bureau of Economic Research, Inc.
- Daniela Cagno & Tibor Neugebauer & Carlos Rodriguez-Palmero & Abdolkarim Sadrieh, 2014.
"Recall searching with and without recall,"
Theory and Decision, Springer, vol. 77(3), pages 297-311, October.
- Tibor Neugebauer & Daniela Di Cagno & Carlos Rodriguez-Palmero, & Abdolkarim Sadrieh, 2014. "Recall Searching with and without Recall," LSF Research Working Paper Series 14-09, Luxembourg School of Finance, University of Luxembourg.
- Daniela Di Cagno & Tibor Neugebauer & Carlos Rodriguez-Palmero & Abdolkarim Sadrieh, 2014. "Recall Searching with and without Recall," Working Papers 2014/14, Economics Department, Universitat Jaume I, Castellón (Spain).
- Timothy N. Cason & Shakun D. Mago, 2010.
"Costly Buyer Search In Laboratory Markets With Seller Advertising,"
Journal of Industrial Economics, Wiley Blackwell, vol. 58(2), pages 424-449, June.
- Timothy N. Cason & Shakun Datta, 2008. "Costly Buyer Search in Laboratory Markets with Seller Advertising," Purdue University Economics Working Papers 1212, Purdue University, Department of Economics.
- Nicolas Jacquemet & Olivier L’Haridon & Isabelle Vialle, 2014.
"Marché du travail, évaluation et économie expérimentale,"
Revue française d'économie, Presses de Sciences-Po, vol. 0(1), pages 189-226.
- Nicolas Jacquemet & Olivier l'Haridon & Isabelle Vialle, 2013. "Marché du travail, évaluation et économie expérimentale," Economics Working Paper Archive (University of Rennes & University of Caen) 201322, Center for Research in Economics and Management (CREM), University of Rennes, University of Caen and CNRS.
- Nicolas Jacquemet & Olivier L’haridon & Isabelle Vialle, 2014. "Marché du travail, évaluation et économie expérimentale," Post-Print halshs-01082352, HAL.
- Gerald Häubl & Benedict G. C. Dellaert & Bas Donkers, 2010. "Tunnel Vision: Local Behavioral Influences on Consumer Decisions in Product Search," Marketing Science, INFORMS, vol. 29(3), pages 438-455, 05-06.
- Nicolas Jacquemet & Olivier L’Haridon & Isabelle Vialle, 2014.
"Marché du travail, évaluation et économie expérimentale,"
Revue française d'économie,
Presses de Sciences-Po, vol. 0(1), pages 189-226.
- Nicolas Jacquemet & Olivier l'Haridon & Isabelle Vialle, 2013. "Marché du travail, évaluation et économie expérimentale," Economics Working Paper Archive (University of Rennes 1 & University of Caen) 201322, Center for Research in Economics and Management (CREM), University of Rennes 1, University of Caen and CNRS.
- Nicolas Jacquemet & Olivier L 'Haridon & Isabelle Vialle, 2014. "Marché du travail, évaluation et économie expérimentale," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01082352, HAL.
- Jhunjhunwala, Tanushree, 2021. "Searching to avoid regret: An experimental evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 189(C), pages 298-319.
- Ginzburg, Boris & Guerra, José-Alberto, 2019.
"When collective ignorance is bliss: Theory and experiment on voting for learning,"
Journal of Public Economics, Elsevier, vol. 169(C), pages 52-64.
- Boris Ginzburg & José-Alberto Guerra, 2017. "When Ignorance is Bliss: Theory and Experiment on Collective Learning," Documentos CEDE 15377, Universidad de los Andes, Facultad de Economía, CEDE.
- Asa B. Palley & Mirko Kremer, 2014. "Sequential Search and Learning from Rank Feedback: Theory and Experimental Evidence," Management Science, INFORMS, vol. 60(10), pages 2525-2542, October.
- Rami Zwick & Amnon Rapoport & Alison King Chung Lo & A. V. Muthukrishnan, 2003. "Consumer Sequential Search: Not Enough or Too Much?," Marketing Science, INFORMS, vol. 22(4), pages 503-519, October.
- Takao Asano & Hiroko Okudaira & Masaru Sasaki, 2015. "An experimental test of a search model under ambiguity," Theory and Decision, Springer, vol. 79(4), pages 627-637, December.
- Moldovanu, Benny & Rosar, Frank, 2021. "Brexit: A comparison of dynamic voting games with irreversible options," Games and Economic Behavior, Elsevier, vol. 130(C), pages 85-108.
More about this item
Keywords
experiments; committee search; plurality voting rules;All these keywords.
JEL classification:
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
- D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CDM-2017-05-28 (Collective Decision-Making)
- NEP-EXP-2017-05-28 (Experimental Economics)
- NEP-POL-2017-05-28 (Positive Political Economics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iza:izadps:dp10760. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Holger Hinte (email available below). General contact details of provider: https://edirc.repec.org/data/izaaade.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.