Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/46518 
Year of Publication: 
2011
Series/Report no.: 
CESifo Working Paper No. 3323
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
The difficulty of optimal decision making in uncertain dichotomous choice settings is that it requires information on the expertise of the decision makers (voters). This paper presents a method of optimally weighting voters even without testing them against questions with known right answers. The method is based on the realization that if we can see how voters vote on a variety of questions, it is possible to gauge their respective degrees of expertise by comparing their votes in a suitable fashion, even without knowing the right answers.
JEL: 
D70
Document Type: 
Working Paper
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