A Note on the Possible Advantage of Size Flexibility in Committees
Ruth Ben-Yashar and
Shmuel Nitzan
No HIAS-E-61, Discussion paper series from Hitotsubashi Institute for Advanced Study, Hitotsubashi University
Abstract:
This note analyzes the possible advantage of size flexibility in decision-making bodies facing an uncertain dichotomous choice. We find that under constant size variability, application of the unanimity rule might be more desirable than the simple majority rule, yielding higher average performance. In contrast, and as is well known, the latter rule is always the superior one, given a fixed number of decision makers with identical decisional competence.
Keywords: obligatory or flexible committee size; unanimity rule; simple majority rule (search for similar items in EconPapers)
JEL-codes: D7 (search for similar items in EconPapers)
Pages: 7 pages
Date: 2017-12
New Economics Papers: this item is included in nep-cdm
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https://hermes-ir.lib.hit-u.ac.jp/hermes/ir/re/28977/070_hiasDP-E-61.pdf
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Persistent link: https://EconPapers.repec.org/RePEc:hit:hiasdp:hias-e-61
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