TY - JOUR
T1 - Extending the Condorcet Jury Theorem to a general dependent jury
AU - Peleg, Bezalel
AU - Zamir, Shmuel
PY - 2012/6
Y1 - 2012/6
N2 - We investigate necessary and sufficient conditions for the existence of Bayesian-Nash equilibria that satisfy the Condorcet Jury Theorem (CJT). In the Bayesian game G n among n jurors, we allow for arbitrary distribution on the types of jurors. In particular, any kind of dependency is possible. If each juror i has a "constant strategy", σ i (that is, a strategy that is independent of the size n ≥ i of the jury), such that σ = (σ 1, σ 2,...,σ n...) satisfies the CJT, then by McLennan (Am Political Sci Rev 92:413-419, 1998) there exists a Bayesian-Nash equilibrium that also satisfies the CJT. We translate the CJT condition on sequences of constant strategies into the following problem: (**) For a given sequence of binary random variables X = (X 1, X 2,...,X n,...) with joint distribution P, does the distribution P satisfy the asymptotic part of the CJT?. We provide sufficient conditions and two general (distinct) necessary conditions for (**). We give a complete solution to this problem when X is a sequence of exchangeable binary random variables.
AB - We investigate necessary and sufficient conditions for the existence of Bayesian-Nash equilibria that satisfy the Condorcet Jury Theorem (CJT). In the Bayesian game G n among n jurors, we allow for arbitrary distribution on the types of jurors. In particular, any kind of dependency is possible. If each juror i has a "constant strategy", σ i (that is, a strategy that is independent of the size n ≥ i of the jury), such that σ = (σ 1, σ 2,...,σ n...) satisfies the CJT, then by McLennan (Am Political Sci Rev 92:413-419, 1998) there exists a Bayesian-Nash equilibrium that also satisfies the CJT. We translate the CJT condition on sequences of constant strategies into the following problem: (**) For a given sequence of binary random variables X = (X 1, X 2,...,X n,...) with joint distribution P, does the distribution P satisfy the asymptotic part of the CJT?. We provide sufficient conditions and two general (distinct) necessary conditions for (**). We give a complete solution to this problem when X is a sequence of exchangeable binary random variables.
UR - http://www.scopus.com/inward/record.url?scp=84860884411&partnerID=8YFLogxK
U2 - 10.1007/s00355-011-0546-1
DO - 10.1007/s00355-011-0546-1
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AN - SCOPUS:84860884411
SN - 0176-1714
VL - 39
SP - 91
EP - 125
JO - Social Choice and Welfare
JF - Social Choice and Welfare
IS - 1
ER -