Article ID: | iaor20173205 |
Volume: | 83 |
Issue: | 2 |
Start Page Number: | 259 |
End Page Number: | 282 |
Publication Date: | Aug 2017 |
Journal: | Theory and Decision |
Authors: | Alpern Steve |
Keywords: | behaviour, decision theory |
In this study, we are concerned with how agents can best amalgamate their private information about a binary state of Nature. The agents are heterogeneous in their ‘ability’, the quality of their private information. The agents cannot directly communicate their private information but instead can only vote between the two states (say ‘Innocent’ or ‘Guilty’ on a criminal jury). We first describe possible methods of sequential majority voting, and then we analyze a particular one: the first