Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/111206
Authors: 
Frey, Bruno S.
Steiner, Lasse
Year of Publication: 
2014
Series/Report no.: 
Working Paper Series, University of Zurich, Department of Economics 144
Abstract: 
This paper discusses and proposes random selection as a component in decision-making in society. Random procedures have played a significant role in history, especially in classical Greece and the medieval city-states of Italy. We examine the important positive features of decisions by random Mechanisms. Random processes allow representativeness with respect to individuals and groups. They significantly reduce opportunities to influence political decisions by means of bribery and corruption and decrease the large expenses associated with today's democratic election campaigns. Random mechanisms can be applied fruitfully to a wide range of fields, including politics, the judiciary, the economy, science and the cultural sector. However, it is important that random selection processes are embedded in appropriately designed institutions.
Subjects: 
Random selection
lot
democracy
representativeness
corruption
JEL: 
D72
D73
P16
H10
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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