This article uses a Bayesian rational approach to analyze a generic set of decision problems. A committee must decide which proposal to submit to a set of decision bodies, which decide separately whether to accept or reject the proposal. The article offers sufficient conditions for the proposing body to reach rational group decisions. The model is applied to decision making in response to an international crisis.
Get full access to this article
View all access options for this article.
References
1.
Allison, G. (1971) Essence of Decision: Explaining the Cuban Missile Crisis. Boston: Little, Brown.
2.
Aumann, R. (1987) “Correlated equilibria as an expression of Bayesian rationality.”Econometrica55: 1-18.
3.
Enelow, J. and M. Hinich (1987) “Uncertainty and the new institutionalism: the existence of a structured-induced equilibrium.” Delivered at the 1987 Meetings of the Public Choice Society, Tucson, AZ, March, 1987.
4.
Karlin, S. (1968) Total Positivity (Vol. 1). Stanford: Stanford Univ. Press.
5.
Pattanaik, P. (1971) Voting and Collective Choice. Cambridge: Cambridge Univ. Press.