Collective Decision Making.pdf

Collective Decision Making false
By:Shmuel Nitzan,Jacob Paroush
Published on 1985-11-28 by CUP Archive


This book provides an economic approach to the study of collective decision making. In Social Choice theory, the main problem of collective decision making is normally conceived of as one of aggregating diverse individual preferences. However, in practice, objectives are often common to the individuals - whether, for instance, in the firm, or where a medical diagnosis is required - but the information available to each individual, and their ability to utilise that information optimally, differ. The authors therefore deal with a different problem of decisional skills aggregation assuming homogeneous preferences but differing decisional skills, and develop a framework for the study of collective decision making. They examine the effect of the size of the decision making body; incomplete information on decisional skills; interdependence among decisions; shadow prices of decision rules; and of decision making costs and benefits on optimal group decision making. The model is then illustrated in a range of different fields, including industrial organisation, labour economics and in the design of consulting schemes, medical diagnostic systems, and corporate law.

This Book was ranked at 33 by Google Books for keyword Decision-Making.

Book ID of Collective Decision Making's Books is YlY9AAAAIAAJ, Book which was written byShmuel Nitzan,Jacob Paroushhave ETAG "iAzDMdGvVJ4"

Book which was published by CUP Archive since 1985-11-28 have ISBNs, ISBN 13 Code is 9780521303262 and ISBN 10 Code is 0521303265

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Book which have "132 Pages" is Printed at BOOK under CategoryBusiness and Economics

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