The Impact of Individual Expertise and Public Information on Group Decision-Making

The Impact of Individual Expertise and Public Information on Group Decision-Making
Author :
Publisher : Springer Nature
Total Pages : 185
Release :
ISBN-13 : 9783658331399
ISBN-10 : 3658331399
Rating : 4/5 (99 Downloads)

Book Synopsis The Impact of Individual Expertise and Public Information on Group Decision-Making by : Ulrich G. Strunz

Download or read book The Impact of Individual Expertise and Public Information on Group Decision-Making written by Ulrich G. Strunz and published by Springer Nature. This book was released on 2021-07-04 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this open-access-book the author concludes that expertise could be the key factor for global and interconnected problems. Experimental results have shown that expertise was a stronger predictor than public information regarding change in behavior and strategy adaption. Identifying non-routine problem-solving experts by efficient online assessments could lead to less volatile system performance, from which all decision-makers could potentially profit.


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