Difference between revisions of "Size of Committees Under Outside Influence"
[+/-]
Widgets
Widgets<bs-widget-edit>
From SNUWIKI
(→Saptarshi P. Ghosh, Peter Postl, Jaideep Roy) |
|||
| Line 1: | Line 1: | ||
===='''Working paper #SNUECON-WP2015-001'''==== | ===='''Working paper #SNUECON-WP2015-001'''==== | ||
===='''Saptarshi P. Ghosh, Peter Postl, Jaideep Roy'''==== | ===='''Saptarshi P. Ghosh, Peter Postl, Jaideep Roy'''==== | ||
| − | '''<span style="text-decoration: underline;">Abstract</span>: '''The paper studies the impact of biased influence on the returns from increasing the sizeof a committee. We show that when the chance of preference misalignment between | + | '''<span style="text-decoration: underline;">Abstract</span>: '''The paper studies the impact of biased influence on the returns from increasing the sizeof a committee. We show that when the chance of preference misalignment between source of influence and voters is low, committee size is irrelevant and a small committee with the minimum number of just three voters generates the same probability of correct decision making as any larger electorate. On the other hand, in settings with a high chance of preference misalignment, the smallest committee size needed to maximize this probability increases with the precision of voters private signals. |
| + | |||
| + | |||
| + | [index.php?action=ajax&title=-&rs=SecureFileStore::getFile&f=/9/91/Econ_SNU_WP1.pdf Download File] | ||
Revision as of 04:02, 28 November 2015
Working paper #SNUECON-WP2015-001
Saptarshi P. Ghosh, Peter Postl, Jaideep Roy
Abstract: The paper studies the impact of biased influence on the returns from increasing the sizeof a committee. We show that when the chance of preference misalignment between source of influence and voters is low, committee size is irrelevant and a small committee with the minimum number of just three voters generates the same probability of correct decision making as any larger electorate. On the other hand, in settings with a high chance of preference misalignment, the smallest committee size needed to maximize this probability increases with the precision of voters private signals.
[index.php?action=ajax&title=-&rs=SecureFileStore::getFile&f=/9/91/Econ_SNU_WP1.pdf Download File]
