Please use this identifier to cite or link to this item:
Title: Making decisions in committees a human fallibility approach
Authors: Koh, W.T.H. 
Keywords: Committees
Human fallibility
Issue Date: 1994
Source: Koh, W.T.H. (1994). Making decisions in committees a human fallibility approach. Journal of Economic Behavior and Organization 23 (2) : 195-214. ScholarBank@NUS Repository.
Abstract: Collective decision-making, a reflection of limited individual rationality, is an effective way to overcome judgement errors due to human fallibility. Fallibility arises because individuals have different limited capacity to absorb, process and communicate information. This paper analyzes collective decision-making in committees. Using the project-selection framework, we analyze in detail how evaluation standards and the minimum size of the acceptance consensus should vary with the environment. We also discuss conditions under which the fifty-percent majority rule is optimal or close to the optimal decision rule. © 1994.
Source Title: Journal of Economic Behavior and Organization
ISSN: 01672681
Appears in Collections:Staff Publications

Show full item record
Files in This Item:
There are no files associated with this item.

Page view(s)

checked on Dec 15, 2017

Google ScholarTM


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.