Algorithmic calculation of the optimality probability of decision rules (Q970494)
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scientific article; zbMATH DE number 5709128
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Algorithmic calculation of the optimality probability of decision rules |
scientific article; zbMATH DE number 5709128 |
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Algorithmic calculation of the optimality probability of decision rules (English)
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19 May 2010
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This paper studies the problem of choice between two alternatives, one of which is truly the best. The choice is based on preferences elicited by a group of decision makers. The skills of the individual decision makers, given by the probabilities of correctly identifying the best option, are assumed to be independently drawn from a known distribution. A method to compute the probability of a rule maximizing the probability of choosing the best option among the weighted average majority rules is presented. A special algorithm is provided for the case of the log odds of the skills being exponentially distributed.
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dichotomous choice model
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majority rule
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optimality probability
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polyhedron
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