Assessing the extent of democratic failures. A 99%-Condorcet’s Jury Theorem

This This paper determines the probability a large electorate will take take the correct decision under qualified majority rules. The model allows the competence of each elector to vary with the size of the electorate, thus the results represent a connection between "naive" and "strategic" Condorcet's Jury Theorems. JEL Classification: D72 · H11 · P16. Key words: Condorcet’s Jury theorem, probability of success, naive-strategic connection.

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Year of publication:	2014
Authors:	Triossi, Matteo
Institutions:	Centro de Economía Aplicada, Universidad de Chile

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Extent:	application/pdf
Series:	Documentos de Trabajo.
Type of publication:	Book / Working Paper
Notes:	Number 306
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011127543