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Unpublished Paper
Decision-making in Committees
(2009)
  • hao li, University of Toronto
  • wing suen, University of Hong Kong
Abstract

This article reviews recent developments in the theory of committee decision-making. 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 committee decision. Seeming inefficiencies of the committee decision-making process such as over-cautiousness, voting, and delay emerge as partial remedies to these incentive problems.

Disciplines
Publication Date
February 1, 2009
Citation Information
hao li and wing suen. "Decision-making in Committees" (2009)
Available at: http://works.bepress.com/hao_li/22/