Random Selection in Politics, Science and Society: Applications and Institutional Embeddedness
This paper discusses and proposes random selection as a component in decision-making in society. Random procedures have played a significant role in history, especially in classical Greece and the medieval city-states of Italy. We examine the important positive features of decisions by random mechanisms. Random processes allow representativeness with respect to individuals and groups. They significantly reduce opportunities to influence political decisions by means of bribery and corruption and decrease the large expenses associated with today’s democratic election campaigns. Random mechanisms can be applied fruitfully to a wide range of fields, including politics, the judiciary, the economy, science and the cultural sector. However, it is important that random selection processes are embedded in appropriately designed institutions.
|Date of creation:||Mar 2014|
|Contact details of provider:|| Postal: Gellerstrasse 24, 4052 Basel|
Web page: http://www.crema-research.ch
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
- Bruno Frey & Paolo Pamini & Lasse Steiner, 2013. "Explaining the World Heritage List: an empirical study," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 60(1), pages 1-19, March.
- David N. Laband & Robert D. Tollison, 2003. "Dry Holes in Economic Research," Kyklos, Wiley Blackwell, vol. 56(2), pages 161-173, 05.
- Michael D. Intriligator, 1973. "A Probabilistic Model of Social Choice," Review of Economic Studies, Oxford University Press, vol. 40(4), pages 553-560.
- William H. Starbuck, 2005. "How Much Better Are the Most-Prestigious Journals? The Statistics of Academic Publication," Organization Science, INFORMS, vol. 16(2), pages 180-200, April.
- William Niskanen, 2012. "Gordon Tullock’s contribution to bureaucracy," Public Choice, Springer, vol. 152(1), pages 97-101, July.
- Matthew Spiegel, 2012. "Reviewing Less--Progressing More," Review of Financial Studies, Society for Financial Studies, vol. 25(5), pages 1331-1338.
When requesting a correction, please mention this item's handle: RePEc:cra:wpaper:2014-09. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Anna-Lea Werlen)
If references are entirely missing, you can add them using this form.