Speed and quality of collective decision making: Incentives for information provision
نویسندگان
چکیده
منابع مشابه
Speed and quality of collective decision making: Imperfect information processing
This paper studies efficient programmed hierarchies as introduced by Radner (1993) in which agents cannot process information perfectly. A group of P identical managers has to make a choice between n alternatives. In order to learn which is the best option, the alternatives have to be compared. The evaluation of an alternative takes time and managers are only able to identify the better one of ...
متن کاملDecision Making and Quality-of-Information
In Group Decision Making based on argumentation, decisions are made considering the diverse points of view of the different partakers in order to decide which course of action a group should follow. However, knowledge and belief are normally incomplete, contradictory, or error sensitive, being desirable to use formal tools to deal with the problems that arise from the use of uncertain and even ...
متن کاملComposite collective decision-making.
Individual animals are adept at making decisions and have cognitive abilities, such as memory, which allow them to hone their decisions. Social animals can also share information. This allows social animals to make adaptive group-level decisions. Both individual and collective decision-making systems also have drawbacks and limitations, and while both are well studied, the interaction between t...
متن کاملCollective-Intelligence and Decision-Making
Decision-making, while performed by humans, is also expected to be found in most (artificial) intelligent systems. Usually, the cognitive research assumption is that the individual is the correct unit for the analysis of (human) intelligence. Yet, the multi-agent assumption is that of a society of interacting individuals (agency) that collectively supersedes individual capabilities. Therefore, ...
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ژورنال
عنوان ژورنال: Journal of Economic Behavior & Organization
سال: 2010
ISSN: 0167-2681
DOI: 10.1016/j.jebo.2010.08.013