The optimality of the expert and majority rules under exponentially distributed competence

DOI10.1023/A:1005094032398zbMath0913.90003OpenAlexW2127707737MaRDI QIDQ1273923

Luba Sapir

Publication date: 6 January 1999

Published in: Theory and Decision (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1023/a:1005094032398

zbMATH Keywords

majority rulepartial informationdecision ruleuncertain dichotomous choiceoptimal ruleexpert rulelogarithmic expertise

Mathematics Subject Classification ID

Decision theory (91B06)

Related Items

The doctrinal paradox: comparison of decision rules in a probabilistic framework, General representation of epistemically optimal procedures, Is specialization desirable in committee decision making?, Generalized means of jurors' competencies and marginal changes of jury's size, Algorithmic calculation of the optimality probability of decision rules, Comparison of the polar decision rules for various types of distributions, Between the expert and majority rules, Range of Asymptotic Behaviour of the Optimality Probability of the Expert and Majority Rules