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Deliberation and the wisdom of crowds

Author

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  • Dietrich, Franz
  • Spiekermann, Kai

Abstract

Does pre-voting group deliberation improve majority outcomes? To address this question, we develop a probabilistic model of opinion formation and deliberation. Two new jury theorems, one pre-deliberation and one post-deliberation, suggest that deliberation is beneficial. Successful deliberation mitigates three voting failures: (1) overcounting widespread evidence, (2) neglecting evidential inequality, and (3) neglecting evidential complementarity. Formal results and simulations confirm this. But we identify four systematic exceptions where deliberation reduces majority competence, always by increasing Failure 1. Our analysis recommends deliberation that is ‘participatory’, ‘neutral’, but not necessarily ‘equal’, i.e., that involves substantive sharing, privileges no evidences, but might privilege some persons.

Suggested Citation

  • Dietrich, Franz & Spiekermann, Kai, 2024. "Deliberation and the wisdom of crowds," LSE Research Online Documents on Economics 123889, London School of Economics and Political Science, LSE Library.
  • Handle: RePEc:ehl:lserod:123889
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    More about this item

    Keywords

    jury theorems; group deliberation; social choice theory; majority voting; group competence; sharing evidence;
    All these keywords.

    JEL classification:

    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General

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