Jury theorem

A jury theorem is a mathematical theorem proving that, under certain assumptions, a decision attained using majority voting in a large group is more likely to be correct than a decision attained by a single expert. It serves as a formal argument for the idea of wisdom of the crowd, for decision of questions of fact by jury trial, and for democracy in general.[1]

The first and most famous jury theorem is Condorcet's jury theorem. It assumes that all voters have independent probabilities to vote for the correct alternative, these probabilities are larger than 1/2, and are the same for all voters. Under these assumptions, the probability that the majority decision is correct is strictly larger when the group is larger; and when the group size tends to infinity, the probability that the majority decision is correct tends to 1.

There are many other jury theorems, relaxing some or all of these assumptions.

  1. ^ "Jury Theorems" entry by Franz Dietrich & Kai Spiekermann in the Stanford Encyclopedia of Philosophy, November 17, 2021

From Wikipedia, the free encyclopedia ยท View on Wikipedia

Developed by Tubidy