BEGIN:VCALENDAR VERSION:2.0 CALSCALE:GREGORIAN PRODID:iCalendar-Ruby BEGIN:VEVENT CATEGORIES:Lectures & Presentations DESCRIPTION:The Economics Seminar Series presents Dr. Krista Saral discussi ng "The Value of Consensus: An Experimental Analysis of Costly Pre-Vote Com munication" on Friday\, Nov. 13\, from 3 to 4:15 p.m.\n\nSaral is Associate Professor of Economics in the Department of Economics in the Belk College of Business at the University of North Carolina at Charlotte.\n\nFor more i nformation about the Economics Seminars\, contact Dr. Roberto Duncan.\n\nAb stract: Small groups tasked with making a collective decision often deliber ate prior to taking a vote. Yet how a group reaches agreement depends on th e voting institution in place and requiring a higher degree of consensus wi ll likely influence the level of communication\, particularly when communic ation is costly. Using a combination of theory and experiments we examine c ommunication decisions and the resulting outcomes under three voting rules: simple majority rule\, consensus unanimity\, and veto unanimity. We also v ary the cost of communication\, and the presence of an “expert” in the grou p. In line with previous findings\, under costless communication\, we find that differences between outcomes across voting rules are minimized due to high levels of communication. In contrast\, when communication is costly\, differences in voting rules reemerge as communication is significantly redu ced under majority rule and veto unanimity while remaining high under conse nsus unanimity. Experts increase communication\, but not necessarily effici ency.\n\nDuncan. DTEND:20201113T211500Z DTSTAMP:20241123T070820Z DTSTART:20201113T200000Z LOCATION: SEQUENCE:0 SUMMARY:Economics Seminar | The Value of Consensus: An Experimental Analysi s of Costly Pre-Vote Communication\, Nov. 13 UID:tag:localist.com\,2008:EventInstance_34536810879139 URL:https://calendar.ohio.edu/event/economics_seminar_dr_krista_saral_nov_1 3 END:VEVENT END:VCALENDAR