The Condorcet Jury-Theorem with Two Independent Error-Probabilities

The 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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Authors:	Kirstein, Roland
Institutions:	Berkeley Electronic Press
Subject:	Group decisions \| judicial \| imperfect decision-making

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Extent:	application/pdf
Series:	German Working Papers in Law and Economics.
Type of publication:	Book / Working Paper
Notes:	oai:bepress: The text is part of a series German Working Papers in Law and Economics Number 2006-1-1154
Classification:	D71 - Social Choice; Clubs; Committees; Associations ; K40 - Legal Procedure, the Legal System, and Illegal Behavior. General ; L22 - Firm Organization and Market Structure: Markets vs. Hierarchies; Vertical Integration
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005579631