When To Stop Consulting

• In Event: Information Transmission in the Context of Elections

Brief Overview

We model a decision-maker’s optimal amount of consultation prior to a Yes-No choice, as a function of cost and the distribution of consultants' views. We compare our results to other models, and to data on behavior of decision-makers in crises.

Authors

• Marc Kilgour, Wilfrid Laurier University

• Steven J. Brams, New York University