Showing 1 - 10 of 173
It is known that, in Condorcet’s classical model of jury decisions, the proportion of jurors supporting a decision is not a significant indicator of that decision’s reliability: the probability that a particular majority decision is correct given the size of the majority depends only on the...
Persistent link: https://www.econbiz.de/10005076620
For groups that must make several decisions of similar form, we define a simple and general mechanism that is designed to promote social efficiency. The mechanism links the various decisions by forcing agents to budget their representations of preferences so that the frequency of preferences...
Persistent link: https://www.econbiz.de/10005077065
We consider the endogenous choice of a voting rule, characterized by the majority size needed to elect change over the status quo, by a society who will use the rule to make future decisions. Under simple assumptions on the uncertainty concerning the future alternatives that will be voted upon,...
Persistent link: https://www.econbiz.de/10005134974
We develop a definition of equilibrium for agenda formation in general voting settings. The definition is independent of any protocol. We show that the set of equilibrium outcomes for any Pareto efficient voting rule is uniquely determined, and in fact coincides with that of the outcomes...
Persistent link: https://www.econbiz.de/10005135124
This paper considers a dynamic model of Tiebout-like migration between communities that utilize distinct allocation procedures for public goods. At issue is whether voluntary or compulsory procedures are more likely to prevail over time. We model infinitely lived individuals who make repeated,...
Persistent link: https://www.econbiz.de/10005550873
Consider the hypothesis H that a defendant is guilty (a patient has condition C), and the evidence E that a majority of h out of n independent jurors (diagnostic tests) have voted for H and a minority of k:=n-h against H. How likely is the majority verdict to be correct? By a formula of...
Persistent link: https://www.econbiz.de/10005560962
We study option management by committee. Analysis is illustrated by tenure decisions. Our innovations are two-fold: we treat the committee's problem as one of social choice, not of information aggregation; and we endogenise the outside option: rejecting a candidate at either the probationary or...
Persistent link: https://www.econbiz.de/10005118661
Reputation effects have been thought to influence how candidates in an election are viewed by the electorate. Using data from Major League Baseball, I attempt to quantify the effect that reputation plays in voting for the Gold Glove award. While the award is designed to reflect current-year...
Persistent link: https://www.econbiz.de/10005125956
Arrow’s and the Gibbard-Satterthwaite theorems are proved using a common proof strategy based on a dictatorship result for choice functions. One of the instrumental results obtained shows the inconsistency between the basic assumption in each of these theorems and a mild majority principle.
Persistent link: https://www.econbiz.de/10005076577
In the very general setting of Armstrong (1980) for Arrow's Theorem, I show two results. First, in an infinite society, Anonymity is inconsistent with Unanimity and Independence if and only if a domain for social welfare functions satisfies a modest condition of richness. While Arrow's axioms...
Persistent link: https://www.econbiz.de/10005076586