Skill, value and remuneration in committees

Ruth Ben-Yashar, Shmuel Nitzan

Research output: Contribution to journalArticlepeer-review

Abstract

Relatively modest difference in individual decisional skills may warrant substantial inequality in personal remunerations. This implies that the return on investment in decisional skills may be very high. These claims are illustrated applying the uncertain dichotomous choice setting while clarifying the complex relationship between the individual skills, the individual optimal decisional weights and the skill-dependent values, i.e., the individual probabilities to be pivotal.

Original languageEnglish
Pages (from-to)93-95
Number of pages3
JournalEconomics Letters
Volume174
DOIs
StatePublished - Jan 2019

Keywords

  • D7
  • Decisional skills
  • Optimal decisional weights
  • Remuneration
  • Skill-dependent power

All Science Journal Classification (ASJC) codes

  • Finance
  • Economics and Econometrics

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