Publication Type
Working Paper
Version
publishedVersion
Publication Date
7-2002
Abstract
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 analysis extends previous results on optimal committee decision-making to a sequential setting, and further demonstrates the fragility of the hierarchy and polyarchy as optimal architectures.
Keywords
optimal organizational design, decision architecture, project selection, fallibility
Discipline
Behavioral Economics
Research Areas
Applied Microeconomics
Volume
11-2002
First Page
1
Last Page
35
Publisher
SMU Economics and Statistics Working Paper Series, No. 11-2002
City or Country
Singapore
Citation
KOH, Winston T. H..
Optimal Organizational Design in a Dichotomous-Choice Project Selection Model. (2002). 11-2002, 1-35.
Available at: https://ink.library.smu.edu.sg/soe_research/689
Copyright Owner and License
Authors
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.