Eliciting information from a committee

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Eliciting information from a committee

The paper addresses the mechanism design problem of eliciting truthful information from a committee of informed experts who collude in their information disclosure strategies. It is shown that under fairly general conditions full information disclosure is possible if and only if the induced outcome is Pareto undominated for the committee members.

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The importance of making good decisions is well-known in the business world and the perception of decision making as rational choice is the most common view. The amount of information involved in many decision making situations has increased dramatically in recent years and support of some kind is often needed. Consequently, fields like Business Intelligence (BI) and Decision Support Systems (D...

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ژورنال

عنوان ژورنال: Journal of Economic Theory

سال: 2013

ISSN: 0022-0531

DOI: 10.1016/j.jet.2013.04.008