The paper challenges the "orthodox doctrine" of collective choice theory according to which Arrow's "general possibility theorem" precludes rational decision procedures generally and implies that in particular all voting procedures must be flawed. I point out that all voting procedures are...

The Condorcet Jury Theorem states that given subjective expected utility maximization and common values, the equilibrium probability that the correct candidate wins goes to one as the size of the electorate goes to infinity. This paper studies strategic voting when voters have pure common values...