G2TT
来源类型Discussion paper
规范类型论文
来源IDDP8733
DP8733 Premise-Based versus Outcome-Based Information Aggregation
Kfir Eliaz; Geoffroy de Clippel
发表日期2012
出版年2012
语种英语
摘要A group of rational individuals with common interest need to select one of two outcomes. The optimal decision depends on whether certain premises or pieces of evidence are established as being true, and each member receives a noisy signal of the truth value of the relevant premises. Should the group reach a decision by voting whether each premise is true or false, or should they simply vote on the outcome? We show that for any finite number of individuals, the premise-based voting rule is more efficient in aggregating information than the outcome-based rule. However, generically, the gain from using the premise-based over the outcome-based rule can only be marginal when numerous individuals express independent opinions. Indeed, the outcome-based game is almost always asymptotically efficient.
主题Industrial Organization
关键词Common interest Discursive dilemma Doctrinal paradox Information aggregation Voting
URLhttps://cepr.org/publications/dp8733
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/537569
推荐引用方式
GB/T 7714
Kfir Eliaz,Geoffroy de Clippel. DP8733 Premise-Based versus Outcome-Based Information Aggregation. 2012.
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