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| Author: | Slezak, S. Khanna, N. |
| Title: | The effect og organizational form on information flow and decision quality: informational cascades in group decision making |
| Journal: | Journal of Economics and Management Strategy
2000 : SPRING, VOL. 9:1, p. 115-156 |
| Index terms: | GROUP DECISION MAKING QUALITY INFORMATION |
| Language: | eng |
| Abstract: | This paper identifies a disadvantage to decision making in a team. The authors show that in some cases available information is lost due to sequential communication that results in information cascades. Although incentive contracts exist that prevent cascades, in some cases these contracts do not maximize shareholders' expected residual value and cascades are tolerated in equilibrium. |
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