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Query: faculty: "FEB" and publication year: "2011"

AuthorsG. Dari-Mattiacci, E.-S. Hendriks, M. Havinga
TitleA generalized jury theorem
PublisherAmsterdam Center for Law & Economics, University of Amsterdam
PlaceAmsterdam
Year2011
Pages22
Title seriesAmsterdam Center for Law & Economics working paper
Series number2011-12
FacultyFaculty of Economics and Business
Institute/dept.FEB: Amsterdam Business School Research Institute (ABS-RI)
AbstractThe literature on information-aggregation based on the Condorcet Jury Theorem focuses on binary choices. By applying well-known statistical methods to this issue, we develop a framework of analysis capable of dealing with a broader set of choices, including choices over a continuum. We obtain two main results.
First, we prove a Generalized Jury Theorem, including the Condorcet Jury Theorem as a special case. Second, we show that the Generalized Jury Theorem (rather than the Condorcet Jury Theorem) should be used to model the behavior of jurors, when jurors have a common goal and communicate before voting; the reason is that our framework allows for more efficient aggregation of information
than the traditional framework. Our findings are illustrated by means of concrete applications.
NoteAlso: Amsterdam Law School legal studies research paper no. 2011-39. - October 5, 2011.
Document typeReport
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