Showing 1 - 10 of 63
the decision makers' posterior probabilities of a particular state of nature. Nevertheless, voting is generally an … voting mechanisms. The paper derives the conditions under which the optimal decision rule is equivalent to some well …-known voting procedure (weighted supermajority, weighted majority, and simple majority) and shows that these are very stringent …
Persistent link: https://www.econbiz.de/10010457829
the decision makers’ posterior probabilities of a particular state of nature. Nevertheless, voting is generally an … voting mechanisms. The paper derives the conditions under which the optimal decision rule is equivalent to some well …-known voting procedure (weighted supermajority, weighted majority, and simple majority) and shows that these are very stringent …
Persistent link: https://www.econbiz.de/10010462767
We introduce 'Balanced Voting', a new voting scheme that is particularly suitable for making fundamental societal …, and others that care much less. In a two-stage procedure, Balanced Voting works as follows: Citizens may abstain from … voting on a fundamental direction in a first stage. In a second voting stage, this guarantees them a voting right on the …
Persistent link: https://www.econbiz.de/10013029765
This paper studies the assignment of decision makers to two committees that make decisions by a simple majority rule. There is an even number of decision makers at each of various skill levels and each committee has an odd number of members. Surprisingly, even with the symmetric assumptions in...
Persistent link: https://www.econbiz.de/10009309640
This paper studies the assignment of decision makers to two committees that make decisions by a simple majority rule. There is an even number of decision makers at each of various skill levels and each committee has an odd number of members. Surprisingly, even with the symmetric assumptions in...
Persistent link: https://www.econbiz.de/10009162101
This paper studies the assignment of decision makers to two committees that make decisions by a simple majority rule. There is an even number of decision makers at each of various skill levels and each committee has an odd number of members. Surprisingly, even with the symmetric assumptions in...
Persistent link: https://www.econbiz.de/10013122583
This paper studies the assignment of decision makers to two committees that make decisions by a simple majority rule. There is an even number of decision makers at each of various skill levels and each committee has an odd number of members. Surprisingly, even with the symmetric assumptions in...
Persistent link: https://www.econbiz.de/10013123565
This paper analyzes how to allocate experts into committees that use the unanimity rule to make decisions. We show that an optimal allocation of experts is extremely asymmetric. To reach the optimal allocation, therefore, one needs only to rank the experts in terms of their abilities and then...
Persistent link: https://www.econbiz.de/10011457362
This paper analyzes how to allocate experts into committees that use the unanimity rule to make decisions. We show that an optimal allocation of experts is extremely asymmetric. To reach the optimal allocation, therefore, one needs only to rank the experts in terms of their abilities and then...
Persistent link: https://www.econbiz.de/10011452816
In this paper we introduce flexible majority decision rules where the size of the majority depends on the proposal made by the agenda setter. Flexible majority rules can mitigate the disadvantages of democracies in the provision of public projects. In many cases, the combination of the...
Persistent link: https://www.econbiz.de/10011398428