The Condorcet Jury-Theorem with Two Independent Error-Probabilities

Prof. Dr. Roland Kirstein

No 2006-1-1154, German Working Papers in Law and Economics from Berkeley Electronic Press

Abstract: The Condorcet jury-theorem is derived from the implicit assumption that jury members may only commit one type of error. In binary decision situations however, two error types may occur, the probability of which is independent of each other. Taking this into account leads to a generalization of the theorem.

Keywords: Group decisions; judicial; imperfect decision-making (search for similar items in EconPapers)
JEL-codes: D71 K40 L22 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cdm and nep-law
Note: oai:bepress:gwp-1154
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