Daniel Berend

Senior Academic

Ranking of decision rules with random power distribution

Daniel Berend, Yuri Chernyavsky

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.

Publication language English
Pages 1326-1334
Journal Mathematical and Computer Modelling
Volume 48
Issue number 9-10
Publication status Published - 01.11.2008

Keywords

Complexity
Decision rules
Dichotomous choice model
Random power distribution
Rule ranking

ASJC Scopus subject areas

Modeling and Simulation
Computer Science Applications
Access to Document
10.1016/j.mcm.2008.05.032
Other files and links
Link to publication in Scopus