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2022-05-24
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このアイテムへのリンクには次のURLをご利用ください:http://hdl.handle.net/11094/23394
論文情報
タイトル
Asking One Too Many? Why Leaders Need to Be Decisive
著者
Ishida, Junichiro
Ishida, Junichiro
Shimizu, Takashi
Shimizu, Takashi
キーワード等
Decisiveness
Cheap talk
Multiple senders
Commitment
抄録
It is often touted that decisiveness is one of the most important qualities to be possessed by leaders, broadly defined. To see how and why decisiveness can be a valuable asset in organizations, we construct a model of strategic information transmission where: (i) a decision maker solicits opinions sequentially from experts; (ii) how many experts to solicit opinions from is the decision maker’s endogenous choice. We show that communication is less efficient when the decision maker is indecisive and cannot resist the temptation to ask for a second opinion. This result suggests that the optimal diversity of information sources depends critically on the strategic nature of communication: when communication is strategic, it is optimal to delegate information acquisition to a single party and rely exclusively on it; when it is not, it is optimal to diversify information sources and aggregate them via communication.
公開者
The Institute of Social and Economic Research, Osaka University
掲載誌名
Institute of Social and Economic Research Discussion Papers
巻
857
刊行年月
2012-10
URL
http://hdl.handle.net/11094/23394
関連情報 (references)
http://www.iser.osaka-u.ac.jp/library/dp/2012/DP0857.pdf
言語
英語
カテゴリ
ディスカッション/ワーキング・ペーパー DP/WP
Institute of Social and Economic Research Discussion Papers
論文詳細を表示
著者版フラグ
none
NII資源タイプ
テクニカルレポート
ローカル資源タイプ
ディスカッション/ワーキング・ペーパー
dcmi資源タイプ
text
DCTERMS.bibliographicCitation
Institute of Social and Economic Research Discussion Papers.857
DC.title
Asking One Too Many? Why Leaders Need to Be Decisive
DC.creator
Ishida, Junichiro
Shimizu, Takashi
DC.publisher
The Institute of Social and Economic Research, Osaka University
DC.language" scheme="DCTERMS.RFC1766
英語
DCTERMS.issued" scheme="DCTERMS.W3CDTF
2012-10
DC.identifier" scheme="DCTERMS.URI
http://hdl.handle.net/11094/23394
DC.subject
Decisiveness
Cheap talk
Multiple senders
Commitment
DCTERMS.abstract
It is often touted that decisiveness is one of the most important qualities to be possessed by leaders, broadly defined. To see how and why decisiveness can be a valuable asset in organizations, we construct a model of strategic information transmission where: (i) a decision maker solicits opinions sequentially from experts; (ii) how many experts to solicit opinions from is the decision maker’s endogenous choice. We show that communication is less efficient when the decision maker is indecisive and cannot resist the temptation to ask for a second opinion. This result suggests that the optimal diversity of information sources depends critically on the strategic nature of communication: when communication is strategic, it is optimal to delegate information acquisition to a single party and rely exclusively on it; when it is not, it is optimal to diversify information sources and aggregate them via communication.
citation_title
Asking One Too Many? Why Leaders Need to Be Decisive
citation_author
Ishida, Junichiro
Shimizu, Takashi
citation_publisher
The Institute of Social and Economic Research, Osaka University
citation_language
英語
citation_date
2012-10
citation_journal_title
Institute of Social and Economic Research Discussion Papers
citation_volume
857
citation_public_url
http://hdl.handle.net/11094/23394
citation_keywords
Decisiveness
Cheap talk
Multiple senders
Commitment