The Condorcet Jury-Theorem with Two Independent Error-Probabilities

The Condorcet jury-theorem is derived from the implicit assumption that jury members may only commit one type of error. In binary decision situations however, two error types may occur, the probability of which is independent of each other. Taking this into account leads to a generalization of the theorem.

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Year of publication:	2006
Authors:	Kirstein, Roland
Publisher:	Saarbrücken : Universität des Saarlandes, Center for the Study of Law and Economics (CSLE)
Subject:	Group decisions \| judicial \| imperfect decision-making

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Series:	CSLE Discussion Paper ; 2006-03
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	514113316 [GVK] hdl:10419/23081 [Handle] RePEc:zbw:csledp:200603 [RePEc]
Classification:	L22 - Firm Organization and Market Structure: Markets vs. Hierarchies; Vertical Integration ; K40 - Legal Procedure, the Legal System, and Illegal Behavior. General ; D71 - Social Choice; Clubs; Committees; Associations
Source:	EconStor

Persistent link: https://www.econbiz.de/10010296929