The paper analyzes the expert resolution problem by employing extended versions of the uncertain dichotomous choice model. The main purpose of this study is to illustrate how the analysis of optimal decision rules can be carried out while dispensing with the common restrictive assumption of full inf
โฆ LIBER โฆ
The significance of independent decisions in uncertain dichotomous choice situations
โ Scribed by Shmuel Nitzan; Jacob Paroush
- Publisher
- Springer US
- Year
- 1984
- Tongue
- English
- Weight
- 653 KB
- Volume
- 17
- Category
- Article
- ISSN
- 0040-5833
No coin nor oath required. For personal study only.
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Recently it has been proved in a number of studies, that, under a proper set of assumptions, the optimal group decision rule in pairwise choice situations is a weighted majority rule, with weights that are proportional to the logarithms of the decision makers' odds of choosing the correct alternativ