TY - JOUR
T1 - Group decision making under conditions of distributed knowledge
T2 - The information asymmetries model
AU - Brodbeck, Felix C.
AU - Kerschreiter, Rudolf
AU - Mojzisch, Andreas
AU - Schulz-Hardt, Stefan
PY - 2007/4/1
Y1 - 2007/4/1
N2 - We present a theoretical model that synthesizes and expands current explanations of the failure of decision-making groups to effectively use information that is distributed among their members. We propose that groups can outperform individual decision makers and voting schemes if certain asymmetries in information distribution are present and certain asymmetries in information processing are absent. How to achieve this we deduce from a review of the relevant literature. Finally, we discuss directions for future research and practical implications. Copyright of the Academy of Management, all rights reserved.
AB - We present a theoretical model that synthesizes and expands current explanations of the failure of decision-making groups to effectively use information that is distributed among their members. We propose that groups can outperform individual decision makers and voting schemes if certain asymmetries in information distribution are present and certain asymmetries in information processing are absent. How to achieve this we deduce from a review of the relevant literature. Finally, we discuss directions for future research and practical implications. Copyright of the Academy of Management, all rights reserved.
KW - social psychology
KW - group discussion
KW - information processing
KW - decision making
KW - sampling bias
KW - personality psychology
KW - information asymmetry
KW - cognitive psychology
KW - dissent
KW - modeling
UR - http://www.scopus.com/inward/record.url?scp=34247539500&partnerID=8YFLogxK
U2 - 10.5465/amr.2007.24351441
DO - 10.5465/amr.2007.24351441
M3 - Article
AN - SCOPUS:34247539500
SN - 0363-7425
VL - 32
SP - 459
EP - 479
JO - Academy of Management Review
JF - Academy of Management Review
IS - 2
ER -