Deliberation and the wisdom of crowds

B-Tier
Journal: Economic Theory
Year: 2025
Volume: 79
Issue: 2
Pages: 603-655

Authors (2)

Franz Dietrich (Paris School of Economics) Kai Spiekermann (not in RePEc)

Score contribution per author:

1.009 = (α=2.02 / 2 authors) × 1.0x B-tier

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

Abstract

Abstract Does pre-voting group deliberation improve majority outcomes? To address this question, we develop a probabilistic model of opinion formation and deliberation. Two new jury theorems, one pre-deliberation and one post-deliberation, suggest that deliberation is beneficial. Successful deliberation mitigates three voting failures: (1) overcounting widespread evidence, (2) neglecting evidential inequality, and (3) neglecting evidential complementarity. Formal results and simulations confirm this. But we identify four systematic exceptions where deliberation reduces majority competence, always by increasing Failure 1. Our analysis recommends deliberation that is ‘participatory’, ‘neutral’, but not necessarily ‘equal’, i.e., that involves substantive sharing, privileges no evidences, but might privilege some persons.

Technical Details

RePEc Handle
repec:spr:joecth:v:79:y:2025:i:2:d:10.1007_s00199-024-01595-4
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25