Theory and Decision 45 (1):19-36 (1998)
AbstractWe study the uncertain dichotomous choice model. In this model a set of decision makers is required to select one of two alternatives, say âsupportâ or ârejectâ a certain proposal. Applications of this model are relevant to many areas, such as political science, economics, business and management. The purpose of this paper is to estimate and compare the probabilities that different decision rules may be optimal. We consider the expert rule, the majority rule and a few in-between rules. The information on the decisional skills is incomplete, and these skills arise from an exponential distribution. It turns out that the probability that the expert rule is optimal far exceeds the probability that the majority rule is optimal, especially as the number of the decision makers becomes large
Similar books and articles
Order relations among efficient decision rules.Jacob Paroush - 1997 - Theory and Decision 43 (3):209-218.
Special majorities rationalized.Robert E. Goodin & Christian List - 2006 - British Journal of Political Science 36 (2):213-241.
A (mainly epistemic) case for multiple-vote majority rule.Richard Bradley & Christopher Thompson - 2012 - Episteme 9 (1):63-79.
The pareto efficiency and expected costs of k-majority rules.Keith L. Dougherty & Julian Edward - 2004 - Politics, Philosophy and Economics 3 (2):161-189.
Expert Rule versus Majority Rule under Partial Information.Daniel Berend - 1993 - Theory and Decision 35 (2):179.
On the philosophy of group decision methods I: The nonobviousness of majority rule.Mathias Risse - 2009 - Philosophy Compass 4 (5):793-802.
Condorcet vs. Borda in light of a dual majoritarian approach.Eyal Baharad & Shmuel Nitzan - 2011 - Theory and Decision 71 (2):151-162.
Decision rules used by male and female business students in making ethical value judgments: Another look. [REVIEW]Sharon Galbraith & Harriet Buckman Stephenson - 1993 - Journal of Business Ethics 12 (3):227 - 233.
Artificial decision-making and artificial ethics: A management concern. [REVIEW]Omar E. M. Khalil - 1993 - Journal of Business Ethics 12 (4):313 - 321.
On the philosophy of group decision methods II: Alternatives to majority rule.Mathias Risse - 2009 - Philosophy Compass 4 (5):803-812.
A Utilitarian Assessment of Alternative Decision Rules in the Council of Ministers.Claus Beisbart, Luc Bovens & Stephan Hartmann - 2005 - European Union Politics 6 (4):395-419.
On the (Sample) Condorcet Efficiency of Majority Rule: An alternative view of majority cycles and social homogeneity.Michel Regenwetter, James Adams & Bernard Grofman - 2002 - Theory and Decision 53 (2):153-186.
Partial information on decisional competences and the desirability of the expert rule in uncertain dichotomous choice situations.Shmuel Nitzan & Jacob Paroush - 1994 - Theory and Decision 17 (3):275-286.
Added to PP
Historical graph of downloads
Citations of this work
General representation of epistemically optimal procedures.Franz Dietrich - 2006 - Social Choice and Welfare 2 (26):263-283.
Is specialization desirable in committee decision making?Ruth Ben-Yashar, Winston T. H. Koh & Shmuel Nitzan - 2012 - Theory and Decision 72 (3):341-357.
Comparison of the Polar Decision Rules for Various Types of Distributions.Luba Sapir - 2004 - Theory and Decision 56 (3):325-343.