Deliberation and the wisdom of crowds

IF 1.2 3区 经济学 Q3 ECONOMICS Economic Theory Pub Date : 2024-07-24 DOI:10.1007/s00199-024-01595-4
Franz Dietrich, Kai Spiekermann
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Abstract

Does pre-voting group deliberation improve majority outcomes? To address this question, we develop a probabilistic model of opinion formation and deliberation. Two new jury theorems, one pre-deliberation and one post-deliberation, suggest that deliberation is beneficial. Successful deliberation mitigates three voting failures: (1) overcounting widespread evidence, (2) neglecting evidential inequality, and (3) neglecting evidential complementarity. Formal results and simulations confirm this. But we identify four systematic exceptions where deliberation reduces majority competence, always by increasing Failure 1. Our analysis recommends deliberation that is ‘participatory’, ‘neutral’, but not necessarily ‘equal’, i.e., that involves substantive sharing, privileges no evidences, but might privilege some persons.

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审议与群众智慧
投票前的小组商议是否能改善多数人的结果?为了解决这个问题,我们建立了一个关于意见形成和审议的概率模型。两个新的陪审团定理(一个是审议前定理,一个是审议后定理)表明,审议是有益的。成功的商议可以减少三种投票失败:(1) 过度计算广泛存在的证据,(2) 忽视证据的不平等性,以及 (3) 忽视证据的互补性。正式结果和模拟证实了这一点。但我们也发现了四个系统性的例外情况,在这些例外情况中,商议会降低多数人的能力,而且总是通过增加 "失误 1 "来降低多数人的能力。我们的分析建议进行 "参与式"、"中立 "但不一定 "平等 "的商议,即涉及实质性分享、不给证据特权但可能给某些人特权的商议。
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来源期刊
Economic Theory
Economic Theory ECONOMICS-
CiteScore
2.50
自引率
23.10%
发文量
68
期刊介绍: The purpose of Economic Theory is to provide an outlet for research - in all areas of economics based on rigorous theoretical reasoning, and - on specific topics in mathematics which is motivated by the analysis of economic problems. Economic Theory''s scope encompasses - but is not limited to - the following fields. - classical and modern equilibrium theory - cooperative and non-cooperative game theory - macroeconomics - social choice and welfare - uncertainty and information, intertemporal economics (including dynamical systems) - public economics - international and developmental economics - financial economics, money and banking - industrial organization Economic Theory also publishes surveys if they clearly picture the basic ideas at work in some areas, the essential technical apparatus which is used and the central questions which remain open. The development of a productive dialectic between stylized facts and abstract formulations requires that economic relevance be at the forefront. Thus, correct, and innovative, mathematical analysis is not enough; it must be motivated by - and contribute to - the understanding of substantive economic problems. Officially cited as: Econ Theory
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