Optimal Decision Mechanisms for Committees: Acquitting the Guilty

التفاصيل البيبلوغرافية
العنوان: Optimal Decision Mechanisms for Committees: Acquitting the Guilty
المؤلفون: Kattwinkel, Deniz, Winter, Alexander
سنة النشر: 2024
مصطلحات موضوعية: Economics - Theoretical Economics
الوصف: A group of privately informed agents chooses between two alternatives. How should the decision rule be designed if agents are known to be biased in favor of one of the options? We address this question by considering the Condorcet Jury Setting as a mechanism design problem. Applications include the optimal decision mechanisms for boards of directors, political committees, and trial juries. While we allow for any kind of mechanism, the optimal mechanism is a voting mechanism. In the terminology of the trial jury example: When jurors (agents) are more eager to convict than the lawmaker (principal), then the defendant should be convicted if and only if neither too many nor too few jurors vote to convict. This kind of mechanism accords with a judicial procedure from ancient Jewish law.
نوع الوثيقة: Working Paper
URL الوصول: http://arxiv.org/abs/2407.07293
رقم الأكسشن: edsarx.2407.07293
قاعدة البيانات: arXiv