Seminar
Past
Optimal Decision Mechanisms for Committees: Acquitting the Guilty
- Date21 November 2023
- Time 11h00 - 12h30
- Room Auditorium 3
Abstract
A group of privately informed agents chooses between two alternatives. How should the decision rule be designed if agents are known to be biased in favor of one of the options? We address this question by considering the Condorcet Jury Setting as a mechanism design problem. Applications include the optimal decision mechanisms for boards of directors, political committees, and trial juries.
While we allow for any kind of mechanism, the optimal mechanism is a voting mechanism. In the terminology of the trial jury example: When jurors (agents) are more eager to convict than the lawmaker (principal), then the defendant should be convicted if and only if neither too many nor too few jurors vote to convict.
This kind of mechanism accords with a judicial procedure from ancient Jewish law.
Other seminars
To be announced
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Seminar
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Economic Theory Seminar
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Date 8 December 2026
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Place Auditorium 3 - JJ Laffont
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Speaker or organiser Piotr Dworczak (Northwestern University)
Details
To be announced
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Seminar
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Economic Theory Seminar
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Date 24 November 2026
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Place Auditorium 5
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Speaker or organiser Frank Yang (Stanford University)
Details
To be announced
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Seminar
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Economic Theory Seminar
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Date 17 November 2026
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Place Auditorium 5
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Speaker or organiser Qianjun Lyu (University Carlos III of Madrid)
Details