Decision by Committee: How Uncertainty Shapes Negotiations
December 02, 2024
December 02, 2024
PASADENA, California, Dec. 2 -- The California Institute of Technology issued the following news:
Most of us are familiar with the process of making budgetary decisions by committee. A group of people, each with their own preferences and goals and representing different interests, must decide among themselves how to allocate resources. Such committees are typically rule bound: Decisions are made by majority rule or by unanimous consent, or some other mechanism.
Economis . . .
Most of us are familiar with the process of making budgetary decisions by committee. A group of people, each with their own preferences and goals and representing different interests, must decide among themselves how to allocate resources. Such committees are typically rule bound: Decisions are made by majority rule or by unanimous consent, or some other mechanism.
Economis . . .