Decision-Making Procedures for Committees of Careerist Experts

Decision-making in Committees

This article reviews recent developments in the theory of committee decisionmaking. A committee consists of self-interested members that make a public decision by aggregating imperfect information dispersed among them according to a pre-specified decision rule. We focus on costly information acquisition, strategic information aggregation, and rules and processes that enhance the quality of the ...

The Use of Evidence by Decision-Making Committees

On Committees of Experts∗

We consider a committee that makes a decision on a project on behalf of ‘the public’. Members of the committee agree on the a priori value of the project, and hold additional private information about its consequences. They are experts who care both about the value of the project and about being considered well informed. Before voting on the project, members can exchange their private informati...

Experts and Decision Making: First Steps Towards a Unifying Theory of Decision Making in Novices, Intermediates and Experts

Expertise research shows quite ambiguous results on the abilities of experts in judgment and decision making (JDM) classic models cannot account for. This problem becomes even more accentuated if different levels of expertise are considered. We argue that parallel constraint satisfaction models (PCS) might be a useful base to understand the processes underlying expert JDM and the hitherto exist...

Bayesian Analysis of Decision Making in Technical Expert Committees

All sufficiently-complex engineered systems require oversight by committees of technical experts. Decision-making by these expert committees is poorly understood. A number of social dynamics might impact the sharing of information among expert specialists. Some of these could be beneficial to the decision process but some could lead to decisions that are not well-informed by all of the specialt...