Economics Dictionary of ArgumentsHome
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| Condorcet Jury Theorem - Economics Dictionary of Arguments | |||
| Condorcet Jury Theorem: The Condorcet Jury Theorem posits that if each member of a jury has an independent probability of more than 50% of making the correct decision, then increasing the number of jurors will make the collective probability of a correct decision approach certainty. Conversely, if individual accuracy is below 50%, adding more jurors decreases the likelihood of a correct group decision. See also Decision theory, Decision-making processes, Jury theorem, Collective Intelligence._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
| Author | Item | More concepts for author | |
|---|---|---|---|
| Condorcet, Nicolas de | Condorcet Jury Theorem | Condorcet, Nicolas de | |
| Economic Theories | Condorcet Jury Theorem | Economic Theories | |
| Laplace, Pierre-Simon | Condorcet Jury Theorem | Laplace, Pierre-Simon | |
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Authors A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Concepts A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Ed. Martin Schulz, access date 2025-04-18 | |||
