Keep Ballots Secret: On the Futility of Social Learning in Decision Making by Voting

We show that social learning is not useful in a model of team binary decision making by voting, where each vote carries equal weight. Specifically, we consider Bayesian binary hypothesis testing where agents have any conditionally-independent observation distribution and their local decisions are fu...

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Hauptverfasser: Rhim, Joong Bum, Goyal, Vivek K
Format: Artikel
Sprache:eng
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