General representation of epistemically optimal procedures
Assuming that votes are independent, the epistemically optimal procedure in a binary collective choice problem is known to be a weighted supermajority rule with weights given by personal log likelihood ratios. It is shown here that an analogous result holds in a much more general model. Firstly, the result follows from a more basic principle than expected-utility maximisation, namely from an axiom (“Epistemic Monotonicity”) which requires neither utilities nor prior probabilities of the ‘correctness’ of alternatives. Secondly, a person’s input need not be a vote for an alternative; it may be any type of input, for instance a subjective degree of belief or probability of the correctness of one of the alternatives. The case of a profile of subjective degrees of belief is particularly appealing, since no parameters such as competence parameters need to be known here.
| Item Type | Article |
|---|---|
| Departments |
Philosophy, Logic and Scientific Method CPNSS |
| DOI | 10.1007/s00355-006-0094-2 |
| Date Deposited | 03 May 2011 11:34 |
| URI | https://researchonline.lse.ac.uk/id/eprint/35826 |
Explore Further
- http://www.springerlink.com/content/0176-1714/ (Official URL)