Expert rule versus majority rule under partial information. II.
Probabilistic comparison of weighted majority rules
This paper studies a bi-parametric family of decision rules, so-called restricted distinguished chairman rules, which contains several one-parameter classes of rules considered previously in the literature. Roughly speaking, these rules apply to a variety of situations where the original committee appoints a subcommittee. Moreover, the chairman of the subcommittee, who is supposed to be the most competent committee member, may have more voting power than other jurors. Under the assumption of exponentially...
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