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Journal of Economic Theory
Article . 2002 . Peer-reviewed
License: Elsevier TDM
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Article . 2002
Data sources: zbMATH Open
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Article . 2002
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Convergence Results for Unanimous Voting

Convergence results for unanimous voting
Authors: César Martinelli;

Convergence Results for Unanimous Voting

Abstract

A countably infinite number of voters, each in possession of some private information, make a decision between two choices, here denoted by \(A\) and \(C\), from the running example of a jury deciding to Acquit or Convict a defendant. The group decision is \(C\) only if the voters unanimously vote \(C\). From the pool of voters, the first \(n\) cast votes. The author provides a necessary condition under which the decision converges to the correct decision, that made under perfect information, as the number of voters \(n\) tends to infinity. The author notes that his condition is equivalent to a convergence result of \textit{P. R. Milgrom} for single-price auctions [Econometrica 47, 679-688 (1979; Zbl 0415.90100)]. Under certain continuity assumptions, the author shows that this condition is also sufficient. The author also gives an example with detailed computations to illustrate the rate of convergence.

Keywords

Milgrom, auction, Voting theory, unanimous voting, jury decisions, Nash equilibrium

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
12
Top 10%
Top 10%
Average
bronze