Condorcet Jury Theorem or Rational Ignorance
Condorcet Jury Theorem or Rational Ignorance
复制标题
孔多塞陪审团定理或理性无知
DOI:
10.1111/j.1467-9779.2008.00362.x
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发表时间:
2008
影响因子:
1.1
通讯作者:
Yohei Sekiguchi
中科院分区:
文献类型:
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作者:
Minoru Kitahara;Yohei Sekiguchi
We analyze a symmetric model of an election in which voters are uncertain about which of two alternatives is desirable for them. Each voter must incur some cost to acquire information about the alternatives. We show that by focusing on unbiased voting strategies, general symmetric signal structures can be degenerated to a two-signal model. In addition, we show that for any sequence of unbiased voting equilibria, if the second-order derivative of the information cost function at no information is zero, then the probability of electing the desirable alternative converges to one, that is, the Condorcet Jury Theorem is valid. Otherwise, this probability converges to some value less than one; that is, the "rational ignorance" hypothesis is valid. Copyright 2008 Blackwell Publishing, Inc..
DOI:
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发表时间:
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期刊:
Economics Letters (印刷中)
影响因子:
--
作者:
Ninoru Kitahara;Yohei Sekiguchi
通讯作者:
Yohei Sekiguchi
DOI:
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发表时间:
2006
期刊:
Economics Bulletin Vol.4,No.25
影响因子:
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作者:
Ninoru Kitahara;Yohei Sekiguchi
通讯作者:
Yohei Sekiguchi