Chapter

Decision-Making Pathologies

Derek A. Epp

in The Structure of Policy Change

Published by University of Chicago Press

Published in print April 2018 | ISBN: 9780226529691
Published online May 2019 | e-ISBN: 9780226529868 | DOI: https://dx.doi.org/10.7208/chicago/9780226529868.003.0007
Decision-Making Pathologies

Show Summary Details

Preview

This chapter describes the difference between deliberative and collective decision-making procedures. Collective decision making takes place when the decisions of many independent actors are aggregated together to produce a final outcome. The chapter argues that under the right conditions collective decision-making procedures can harness the wisdom of crowds to process information very efficiently. The chapter looks at a variety of policy areas that feature collective aggregation mechanisms, including monetary policy and cap-and-trade programs. The major finding is that these policy areas are much less likely to undergo major policy punctuations than other areas where outcomes are determined through deliberative decision making.

Keywords: deliberative decision making; collective decision making; wisdom of crowds; policy punctuations

Chapter.  8047 words.  Illustrated.

Subjects: Public Policy

Full text: subscription required

How to subscribe Recommend to my Librarian

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content. subscribe or login to access all content.