The Condorcet Jury-Theorem with Two Independent Error-Probabilities
AbstractThe 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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Bibliographic InfoPaper provided by Berkeley Electronic Press in its series German Working Papers in Law and Economics with number 2006-1-1154.
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Group decisions; judicial; imperfect decision-making;
Other versions of this item:
- Kirstein, Roland, 2006. "The Condorcet Jury-Theorem with Two Independent Error-Probabilities," CSLE Discussion Paper Series 2006-03, Saarland University, CSLE - Center for the Study of Law and Economics.
- D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
- K40 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - General
- L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-03-24 (All new papers)
- NEP-CDM-2007-03-24 (Collective Decision-Making)
- NEP-LAW-2007-03-24 (Law & Economics)
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