On the significance of the prior of a correct decision in committees

Ruth Ben-Yashar, Shmuel Nitzan

Research output: Contribution to journalArticlepeer-review

5 Scopus citations

Abstract

The current note clarifies why, in committees, the prior probability of a correct collective choice might be of particular significance and possibly should sometimes even be the sole appropriate basis for making the collective decision. In particular, we present sufficient conditions for the superiority of a rule based solely on the prior relative to the simple majority rule, even when the decisional skills of the committee members are assumed to be homogeneous.

Original languageEnglish
Pages (from-to)317-327
Number of pages11
JournalTheory and Decision
Volume76
Issue number3
Early online date23 Mar 2013
DOIs
StatePublished - Mar 2014

Keywords

  • Committee
  • Majority rule
  • Optimal decision rule
  • Prior-based rule

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