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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Year of publication:	2006
Authors:	Kirstein, Roland
Institutions:	Forschungsstelle zur ökonomischen Analyse des Rechts, Abteilung Wirtschaftswissenschaft
Subject:	Group decisions \| judicial \| imperfect decision-making

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Extent:	application/pdf
Series:	CSLE Discussion Paper Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 2006-03
Classification:	L22 - Firm Organization and Market Structure: Markets vs. Hierarchies; Vertical Integration ; K40 - Legal Procedure, the Legal System, and Illegal Behavior. General ; D71 - Social Choice; Clubs; Committees; Associations
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008509620