Two remarks on the effect of increased equalitarianism in decisional skills on the number of individuals that maximizes group judgmental competence

Drora Karotkin, Shmuel Nitzan

Research output: Contribution to journalArticlepeer-review

1 Scopus citations

Abstract

Employing the symmetric uncertain dichotomous choice model, this paper is concerned with the effect of two types of changes in individual decisional competencies on the optimal collective decision rule and, in particular, on the optimal number of essential decision makers (individuals who are effectively involved in the decision-making process). The first change is simply a decrease in the decisional skills of some of the existing more competent essential decision makers. The second change is a rank and mean-preserving equalization of decisional skills. We show that the number of essential decision makers is not necessarily positively related to both of these changes. This surprising observation implies that a more egalitarian distribution of decisional skills may justify a reduction in the optimal number of individuals effectively participating in the collective decision-making process.

Original languageEnglish
Pages (from-to)307-311
Number of pages5
JournalPublic Choice
Volume85
Issue number3-4
DOIs
StatePublished - Dec 1995

Fingerprint

Dive into the research topics of 'Two remarks on the effect of increased equalitarianism in decisional skills on the number of individuals that maximizes group judgmental competence'. Together they form a unique fingerprint.

Cite this