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Optimality among restricted majority decision rules
Authors:Drora Karotkin
Affiliation:(1) Department of Economics and Business Administration, Bar-Ilan University, 52900 Ramat-Gan, Israel
Abstract:When a group of decision makers with common interests faces a dichotomous choice, the task of deciding may be delegated to a committee consisting of a subset of the original group. This procedure is called a restricted majority decision rule. If each member of the original group is characterized by the probability of his deciding correctly, the expected utility from the decision is determined by which members are appointed to the committee. The conditions between enabling the comparison of alternative restricted majority rules are based on the voting profiles of the decision makers. The purpose of the current study is to propose an algorithm for identifying the optimal restricted majority rule amongst all restricted majority rules.I am indebted to Shmuel Nitzan for helpful comments and suggestions. All shortcomings are, of course, entirely my responsibility.
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