Is Specialization Desirable in Committee Decision Making?
Committee decision making is examined in this study focusing on the role assigned to the committee members. In particular, we are concerned about the comparison between committee performance under specialization and non-specialization of the decision makers. Specialization (in the context of project...
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sg-smu-ink.soe_research-23372018-05-14T00:38:34Z Is Specialization Desirable in Committee Decision Making? BEN-YASHAR, Ruth KOH, Winston T. H. NITZAN, Shmuel Committee decision making is examined in this study focusing on the role assigned to the committee members. In particular, we are concerned about the comparison between committee performance under specialization and non-specialization of the decision makers. Specialization (in the context of project or public policy selection) means that the decision of each committee member is based on a narrow area, which typically results in the acquirement and use of relatively high expertise in that area. When the committee members’ expertise is already determined, specialization only means that the decision of each committee member is based solely on his/her relatively high expertise area. This form of specialization is potentially inferior relative to non-specialization under which the decision of each committee member is based on different areas, not just his/her relatively high expertise area. Given that the expertise of the committee members is already determined but unknown, our analysis focuses on non-specializing individuals whose decision is based on a decision rule that does not require information on the decision-making skills. Under these realistic assumptions, non-specialization is shown to be preferable over specialization, depending on the aggregation rule applied by the committee. The significance of our approach is not limited to the specific results that we obtain. Rather, it should be viewed as a first step toward a deeper examination of the role of individual decision makers in enhancing the performance of collective decision making. 2012-03-01T08:00:00Z text application/pdf https://ink.library.smu.edu.sg/soe_research/1338 info:doi/10.1007/s11238-011-9260-9 https://ink.library.smu.edu.sg/context/soe_research/article/2337/viewcontent/Specialization_desirable_committee_2012.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection School Of Economics eng Institutional Knowledge at Singapore Management University Project selection Public policy Collective decision making Committee Uncertain dichotomous choice Specialization Simple majority rule Behavioral Economics Strategic Management Policy |
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Project selection Public policy Collective decision making Committee Uncertain dichotomous choice Specialization Simple majority rule Behavioral Economics Strategic Management Policy BEN-YASHAR, Ruth KOH, Winston T. H. NITZAN, Shmuel Is Specialization Desirable in Committee Decision Making? |
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Committee decision making is examined in this study focusing on the role assigned to the committee members. In particular, we are concerned about the comparison between committee performance under specialization and non-specialization of the decision makers. Specialization (in the context of project or public policy selection) means that the decision of each committee member is based on a narrow area, which typically results in the acquirement and use of relatively high expertise in that area. When the committee members’ expertise is already determined, specialization only means that the decision of each committee member is based solely on his/her relatively high expertise area. This form of specialization is potentially inferior relative to non-specialization under which the decision of each committee member is based on different areas, not just his/her relatively high expertise area. Given that the expertise of the committee members is already determined but unknown, our analysis focuses on non-specializing individuals whose decision is based on a decision rule that does not require information on the decision-making skills. Under these realistic assumptions, non-specialization is shown to be preferable over specialization, depending on the aggregation rule applied by the committee. The significance of our approach is not limited to the specific results that we obtain. Rather, it should be viewed as a first step toward a deeper examination of the role of individual decision makers in enhancing the performance of collective decision making. |
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BEN-YASHAR, Ruth KOH, Winston T. H. NITZAN, Shmuel |
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BEN-YASHAR, Ruth KOH, Winston T. H. NITZAN, Shmuel |
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BEN-YASHAR, Ruth |
title |
Is Specialization Desirable in Committee Decision Making? |
title_short |
Is Specialization Desirable in Committee Decision Making? |
title_full |
Is Specialization Desirable in Committee Decision Making? |
title_fullStr |
Is Specialization Desirable in Committee Decision Making? |
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Is Specialization Desirable in Committee Decision Making? |
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is specialization desirable in committee decision making? |
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Institutional Knowledge at Singapore Management University |
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2012 |
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https://ink.library.smu.edu.sg/soe_research/1338 https://ink.library.smu.edu.sg/context/soe_research/article/2337/viewcontent/Specialization_desirable_committee_2012.pdf |
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