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Committee decision making is examined in this study focusing on the role assigned to the committee members. In particular, we are concerned about the comparison between committee performance under specialization and non-specialization of the decision makers.
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Many voting rules and, in particular, the plurality rule and Condorcet-consistent voting rules satisfy the simple-majority decisiveness property. The problem implied by such decisiveness, namely, the universal disregard of the preferences of the minority, can be ameliorated by applying unbiased...
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Many voting rules and, in particular, the plurality rule and Condorcet-consistent voting rules satisfy the simple-majority decisiveness property. The problem implied by such decisiveness, namely, the universal disregard of the preferences of the minority, can be ameliorated by applying unbiased...
Persistent link: https://www.econbiz.de/10014185335
The Condorcet jury theorem (CJT) is the probabilistic foundation that underlies jury decision-making and collective information aggregation at large. It has nonetheless been recognized that Condorcet's adoption of a statistically implausible premise – identical competence among all individuals...
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In certain judgmental situations where a “correct” decision is presumed to exist, optimal decision making requires evaluation of the decision-maker's capabilities and the selection of the appropriate aggregation rule. The major and so far unresolved difficulty is the former necessity. This...
Persistent link: https://www.econbiz.de/10013123413
Direct confrontation between majority rule (MR) and the most in-depth studied scoring rules - the Borda rule (BR) and the plurality rule (PR) - on the basis of their fundamental weaknesses (violating one of the two principles: majoritarianism and suitable recognition of preference intensity) has...
Persistent link: https://www.econbiz.de/10014232959