Version 2 2024-06-13, 09:26Version 2 2024-06-13, 09:26
Version 1 2015-09-24, 15:51Version 1 2015-09-24, 15:51
journal contribution
posted on 2024-06-13, 09:26authored bySP Ghosh, J Roy
We analyze the quality (informativeness and efficiency) of advice obtained from a committee of careerist experts where voting is secret but voting profiles are ‘leaked’ with an exogenously given probability. We show that fully informative voting is achievable only when the common prior is not too informative, the committee uses the unanimity rule and faces random leakage. It is then shown that informativeness and efficiency are mutually exclusive properties of committees with careerist experts.
History
Journal
Games and economic behavior
Volume
90
Pagination
207-214
Location
Amsterdam, The Netherlands
ISSN
0899-8256
Language
eng
Publication classification
C Journal article, C1.1 Refereed article in a scholarly journal