Optimality of the expert rule under partial information

DOI10.1023/A:1013097330252MaRDI QIDQ5960125zbMATH OpenOpenAlexFDO

Authors Daniel Berend, Luba Sapir

Publication date 11 April 2002

Published in Acta Applicandae Mathematicae (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1023/a:1013097330252

zbMATH Keywords

majority ruledichotomous choice modelexpert decision rule

Mathematics Subject Classification ID

Management decision making, including multiple objectives (90B50) Decision theory (91B06) Voting theory (91B12)

Recommendations

• Expert rule versus majority rule under partial information
• The optimality of the expert and majority rules under exponentially distributed competence
• Range of Asymptotic Behaviour of the Optimality Probability of the Expert and Majority Rules
• Between the expert and majority rules
• Partial information on decisional competences and the desirability of the expert rule in uncertain dichotomous choice situations

Cited in

(9)

• Range of Asymptotic Behaviour of the Optimality Probability of the Expert and Majority Rules
• Expert rule versus majority rule under partial information
• The significance of independent decisions in uncertain dichotomous choice situations
• Algorithmic calculation of the optimality probability of decision rules
• Partial information on decisional competences and the desirability of the expert rule in uncertain dichotomous choice situations
• Robustness of optimal decision rules where one of the team members is exceptionally qualified
• Comparison of the polar decision rules for various types of distributions
• Between the expert and majority rules
• Potential variability of decisional skills in uncertain dichotomous choice situations

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