Monotonicity in Condorcet Jury Theorem
Consider a committee of experts dealing with dichotomous choice problem, where the correctness probabilities are all greater than [InlineMediaObject not available: see fulltext.] We prove that, if a random subcommittee of odd size m is selected randomly, and entrusted to make a decision by majority vote, its probability of deciding correctly increases with m. This includes a result of Ben-Yashar and Paroush (2000), who proved that a random subcommittee of size m≥3 is preferable to a random single expert. Copyright Springer-Verlag 2005
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 24 (2005)
Issue (Month): 1 (08)
|Contact details of provider:|| Web page: http://www.springer.com|
|Order Information:||Web: http://www.springer.com/economics/economic+theory/journal/355|