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I propose a new axiom on the aggregation of individual yes/no judgments on propositions into collective judgments: each collective judgment depends only on people's judgments on 'relevant' propositions. This contrasts with classical independence: each collective judgment depends only on people's...
Persistent link: https://www.econbiz.de/10011212220
The contemporary theory of epistemic democracy often draws on the Condorcet Jury Theorem to formally justify the `wisdom of crowds'. But this theorem is inapplicable in its current form, since one of its premises -- voter independence -- is notoriously violated. This premise carries...
Persistent link: https://www.econbiz.de/10011107633