Optimum committee size: Quality-versus-quantity dilemma

Optimum committee size: Quality-versus-quantity dilemma

According to Condorcet, the larger the team of decision-makers using the simple majority rule, the more likely they are to reach correct decisions. This paper examines the validity of this claim under the condition of reduced team competence with size. Determining committee size always involves qual...

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Veröffentlicht in:Social choice and welfare 2003-06, Vol.20 (3), p.429-441
Hauptverfasser: Karotkin, Drora, Paroush, Jacob
Format: Artikel
Sprache:eng
Schlagworte:
Algorithms
Capital investments
Committees
Decision making
Decision Models
Economic theory
Governing Boards
Group Decision Making
Group dynamics
Group Size
Human capital
Investment decisions
Juries
Majority Rule
Mathematical methods
Mathematical theorems
Political science
Public choice
Social choice
Sufficient conditions
Teams
Voters
Voting paradox
Welfare economics
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Zusammenfassung:According to Condorcet, the larger the team of decision-makers using the simple majority rule, the more likely they are to reach correct decisions. This paper examines the validity of this claim under the condition of reduced team competence with size. Determining committee size always involves quality-versus-quantity dilemma. This study provides criteria, as well as an algorithm, for deciding on the optimum size of boards and committees.
ISSN:0176-1714
1432-217X
DOI:10.1007/s003550200190