• Title of article

    Ranking of decision rules with random power distribution

  • Author/Authors

    Berend، نويسنده , , Daniel and Chernyavsky، نويسنده , , Yuri، نويسنده ,

  • Issue Information
    روزنامه با شماره پیاپی سال 2008
  • Pages
    9
  • From page
    1326
  • To page
    1334
  • Abstract
    In collective decision making, the decisional power assigned to each member of the deciding body may have little relation with that member’s expertise level. We consider a concept of effectiveness on the family of all decision rules, adapted to such situations. Namely, we measure the performance of a decision rule, when applied to the decision makers, after these have been permuted randomly. We obtain a necessary and sufficient condition for a rule to be more effective than another in this sense, i.e., for its probability of leading to the correct decision to be larger than that of the other. It is shown that, under certain assumptions, the simple majority rule is the most effective, while the expert rule is the least effective. We also deal with the computational complexity involved in applying our condition.
  • Keywords
    Random power distribution , Complexity , Dichotomous choice model , Decision rules , Rule ranking
  • Journal title
    Mathematical and Computer Modelling
  • Serial Year
    2008
  • Journal title
    Mathematical and Computer Modelling
  • Record number

    1595793