Showing 1 - 3 of 3
The difficulty of optimal decision making in uncertain dichotomous choice settings is that it requires information on the expertise of the decision makers (voters). This paper presents a method of optimally weighting voters even without testing them against questions with known right answers....
Persistent link: https://www.econbiz.de/10013130422
Collective contests are examined permitting heterogeneity of stakes within every competing group. Our first concern is whether unequal distribution of stakes in a group can enhance its win probability. Our second concern is whether a large stake in a group can be individually disadvantageous. We...
Persistent link: https://www.econbiz.de/10013086980
We propose the concept of level r consensus as a useful property of a preference profile which considerably enhances the stability of social choice. This concept involves a weakening of unanimity, the most extreme form of consensus. It is shown that if a preference profile exhibits level r...
Persistent link: https://www.econbiz.de/10013315598