Article ID Journal Published Year Pages File Type
884428 Journal of Economic Behavior & Organization 2008 14 Pages PDF
Abstract

We analyze group decision-making in situations in which members discuss the value of a continuous random variable, then take an up-or-down vote based on their assessments of the continuous variable. Applications include jury deliberations and tenure and promotion or partnership votes. We determine conditions under which the group can reach a consensus on the value of the continuous variable, conditions under which the group fails to reach an agreement on the up-or-down vote, and when the outcome of a successful up-or-down vote matches the consensus on the continuous variable. We also consider the impact of unanimous versus nonunanimous voting rules.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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