An Incentive‐Compatible Condorcet Jury Theorem

B-Tier
Journal: Scandanavian Journal of Economics
Year: 2013
Volume: 115
Issue: 1
Pages: 84-108

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We consider a group of individuals who face a binary collective decision. Each group member holds some private information, and all agree about what decision should be taken in each state of nature. However, the state is unknown, and members can differ in their valuations of the two types of mistakes that might occur, and in their prior beliefs about the true state. For a slightly randomized majority rule, we show that informative voting by all voters is the unique Nash equilibrium, that this equilibrium is strict, and that the Condorcet asymptotic efficiency result holds in this setting.

Technical Details

RePEc Handle
repec:bla:scandj:v:115:y:2013:i:1:p:84-108
Journal Field
General
Author Count
2
Added to Database
2026-01-25