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Biased experts, majority rule, and the optimal composition of committee

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Date
2021-05-01
Authors
Name Correa, AJ
Yildirim, H
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Abstract
An uninformed principal appoints a committee of experts to vote on a multi-attribute alternative, such as an interdisciplinary project. Each expert evaluates one attribute and is biased toward it (specialty bias). The principal values all attributes equally but has a status quo bias, reflecting the organizational cost of a change. We study whether the principal would compose the committee of more or less specialty-biased experts. We show that her optimal composition is nonmonotonic in the majority rule, with the most biased experts appointed under intermediate rules. We then show that the principal would be less concerned about the committee composition if its members can be uninformed, as they induce the informed to vote less strategically. Surprisingly, although uninformed members lower the quality of the committee's decision, the principal may prefer to have some when its composition is suboptimal, and the majority rule is sufficiently extreme, such as the unanimity.
Type
Journal article
Subject
bias
partisanship
majority rule
committee
Permalink
https://hdl.handle.net/10161/24279
Published Version (Please cite this version)
10.1016/j.geb.2021.01.010
Publication Info
Name Correa, AJ; & Yildirim, H (2021). Biased experts, majority rule, and the optimal composition of committee. Games and Economic Behavior, 127(268). pp. 1-27. 10.1016/j.geb.2021.01.010. Retrieved from https://hdl.handle.net/10161/24279.
This is constructed from limited available data and may be imprecise. To cite this article, please review & use the official citation provided by the journal.
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Scholars@Duke

Yildirim

Huseyin Yildirim

Professor of Economics
Professor Yildirim joined Duke Economics in 2000 after receiving a Ph.D. from the University of Florida. He is an applied microeconomic theorist with broad interests. He has written on such varied topics as dynamic procurement auctions, charitable fundraising, committee design, and, most recently, career concerns in teamwork and tournaments. His work has appeared in top economics journals, including American Economic Review, Review of Economic Studies, Journal of Economic Theory, and RAND J
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