wishes to evaluate her options on the basis of a single aggregate prior via classical expected utility theory (a … preference and judgment aggregation theory which show that the aggregate of several probability measures should not be conceived … McConway's (Journal of the American Statistical Association, vol. 76, no. 374, pp. 410-414, 1981) theory of probabilistic …

the initial opinion is a noisy signal about some true state of the world, we consider the mean squared error of the … consensus as an estimator for the true state of the world. We show that a society is \wise", i.e. the mean squared error is …

many actions and general state spaces as they appear frequently in economics, game theory and operations research. Using … result can be found in large deviation theory, and some simple economic problems. -- Markov decision processes ; optimal …