The Condorcet Jury Theorem with Information Acquisition
We analyze a committee decision in which individuals with common preferences are uncertain which of two alternatives is better for them. Members can acquire costly information. Private signals and information choice are both continuous. As is consistent with Down’s rational ignorance hypothesis, eac...
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| Format: | Article |
| Language: | English |
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MDPI AG
2021-10-01
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| Series: | Games |
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| Online Access: | https://www.mdpi.com/2073-4336/12/4/79 |