|Abstract||A number of experts receive noisy signals regarding a desirable public decision. The public target is to make the best possible decision on the basis of all the information held by the experts. We compare two ``cultures.'' In one, all experts are driven only by the public motive to increase the probability that the desirable action will be taken. In the second, each expert is also driven by a private motive: to have his recommendation accepted. We show that in the first culture, every mechanism will have an equilibrium which does not achieve the public target, whereas the second culture gives rise to a mechanism whose unique equilibrium outcome does achieve the public target. Journal of Economic Literature Classification Numbers: C72, D71. 1998 Academic Press..|
|Keywords||No keywords specified (fix it)|
|Categories||No categories specified (fix it)|
|Through your library||Only published papers are available at libraries|
Similar books and articles
Maurice Berix (2012). YUTPA as a Design Tool for Public Participation. AI and Society 27 (1):165-172.
Kayhan P. Parsi & Karen E. Geraghty (2004). The Bioethicist as Public Intellectual. American Journal of Bioethics 4 (1):17 – 23.
Robert M. Veatch (1991). Consensus of Expertise: The Role of Consensus of Experts in Formulating Public Policy and Estimating Facts. Journal of Medicine and Philosophy 16 (4):427-445.
Euripidis N. Loukis (2007). An Ontology for G2g Collaboration in Public Policy Making, Implementation and Evaluation. Artificial Intelligence and Law 15 (1):19-48.
Peta Cook (2011). What Constitutes Adequate Public Consultation? Xenotransplantation Proceeds in Australia. Journal of Bioethical Inquiry 8 (1):67-70.
Susanna Hornig Priest & Allen W. Gillespie (2000). Seeds of Discontent: Expert Opinion, Mass Media Messages, and the Public Image of Agricultural Biotechnology. Science and Engineering Ethics 6 (4).
Hugo Mercier (2011). When Experts Argue: Explaining the Best and the Worst of Reasoning. Argumentation 25 (3):313-327.
Matt Commers (2002). Determinants of Health: Theory, Understanding, Portrayal, Policy. Kluwer Academic Publishers.
Sorry, there are not enough data points to plot this chart.
Added to index2009-01-28
Recent downloads (6 months)0
How can I increase my downloads?