Optimal Sequential Decision Architectures and the Robustness of Hierarchies and Polyarchies
This paper studies collective decision making in the context of a project selection model. We derive the optimal decision architecture when marginal decision costs are present, and investigate the circumstances under which the hierarchy and polyarchy exist as optimal sequential architectures. Our an...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2003
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| Online Access: | https://ink.library.smu.edu.sg/soe_research/680 https://ink.library.smu.edu.sg/context/soe_research/article/1679/viewcontent/WKOptimalArchitectureJuly2003.pdf |
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| Institution: | Singapore Management University |
| Language: | English |