CONFIDE: A Collective Decision-Making Procedure Using Confidence Estimates of Individual Judgements

Dennis P. Slevin, Larry W. Boone, Eileen M. Russo and Richard S. Allen
Additional contact information
Dennis P. Slevin: University of Pittsburgh
Larry W. Boone: St.
Eileen M. Russo: University of Pittsburgh
Richard S. Allen: University of Tennessee at Chattanooga

Group Decision and Negotiation, 1998, vol. 7, issue 2, No 5, 179-194

Abstract: Abstract An algorithm (termed CONFIDE) is proposed that may capture many of the benefits of group decision making without the necessity of face-to-face interaction. The algorithm allows individual decision makers to differentially weight the contributions from members according to the confidence with which each member holds to their opinions. The CONFIDE algorithm is compared to both face-to-face group decisions and simple averaging of group members opinions on the Lost-at-Sea ranking task. Results indicate that, in terms of decision quality, the CONFIDE algorithm produces solutions equal to that of the face-to-face group decision method and significantly better than the solution achieved by simple averaging of group members responses.

Keywords: group decision making; individual decision making; collective decision making; confidence estimates; self assessments; lost at sea; ranking exercises (search for similar items in EconPapers)
Date: 1998
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://link.springer.com/10.1023/A:1008650524782 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:grdene:v:7:y:1998:i:2:d:10.1023_a:1008650524782

Ordering information: This journal article can be ordered from
http://www.springer.com/journal/10726/PS2

DOI: 10.1023/A:1008650524782

Access Statistics for this article

Group Decision and Negotiation is currently edited by Gregory E. Kersten

More articles in Group Decision and Negotiation from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().