EXPERT RULE VERSUS MAJORITY-RULE UNDER PARTIAL INFORMATION

被引:15
作者
BEREND, D [1 ]
HARMSE, JE [1 ]
机构
[1] BEN GURION UNIV NEGEV,DEPT MATH & COMP SCI,IL-84105 BEER SHEVA,ISRAEL
关键词
DICHOTOMOUS CHOICE; DECISION-MAKING; COLLECTIVE DECISION-MAKING; JURY PROBLEM; OPTIMAL RULE; MAJORITY RULE; WEIGHTED MAJORITY RULE; EXPERT RULE; DECISIONAL COMPETENCE; RANKED EXPERTS; PARTIAL INFORMATION ON DECISIONAL COMPETENCES;
D O I
10.1007/BF01074958
中图分类号
F [经济];
学科分类号
02 ;
摘要
We study the uncertain dichotomous choice model. Under some assumptions on the distribution of 'expertise' of the various panel members, the probability of the expert rule to be the optimal one is compared to that of the majority rule to be optimal. It turns out that for the former probability exceeds the latter by far, especially as the panel size becomes large.
引用
收藏
页码:179 / 197
页数:19
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