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  1. Confidence, consensus and aggregation
    Author: Hill, Brian
    Published: 2023
    Publisher:  SSRN, [S.l.]

    This paper develops and defends a new approach to belief aggregation, involving confidence in beliefs. It is characterised by a variant of the Pareto condition that enjoins respecting consensuses borne of compromise. Confidence aggregation recoups... more

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    This paper develops and defends a new approach to belief aggregation, involving confidence in beliefs. It is characterised by a variant of the Pareto condition that enjoins respecting consensuses borne of compromise. Confidence aggregation recoups standard probability aggregation rules, such as linear pooling, as special cases, whilst avoiding the spurious unanimity issues that have plagued such rules. Moreover, it generates a new family of probability aggregation rules that can faithfully accommodate within-person expertise diversity, hence resolving a longstanding challenge. Confidence aggregation also outperforms linear aggregation: the group beliefs it provides are closer to the truth, in expectation. Finally, confidence aggregation is dynamically rational: it commutes with update

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: HEC Paris Research Paper
    Subjects: Belief aggregation; confidence in beliefs; Pareto principle; linearpooling; spurious unanimity; expertise; consensus
    Other subjects: Array
    Scope: 1 Online-Ressource (76 p)
    Notes:

    Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 13, 2023 erstellt