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The Structure of Policy Change$
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Derek A. Epp

Print publication date: 2018

Print ISBN-13: 9780226529691

Published to Chicago Scholarship Online: May 2019

DOI: 10.7208/chicago/9780226529868.001.0001

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Decision-Making Pathologies

Decision-Making Pathologies

Chapter:
(p.121) Seven Decision-Making Pathologies
Source:
The Structure of Policy Change
Author(s):

Derek A. Epp

Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226529868.003.0007

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

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