The Classic Framework
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In the classic setup of the Condorcet Jury Theorem, voters decide by majority vote between two different options. The Competence Assumption is that all voters are more likely than not to identify the correct alternative with the same probability. The Independence Assumption is that the votes are statistically independent. The Sincerity Assumption is that the voters always vote for the alternative they believe to be correct. Two results follow if these conditions are met. First, the Non-asymptotic Result says that the probability of a correct decision increases in group size. Second, the Asymptotic Result says that this probability converges to 1. We show that this convergence happens very quickly.
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2018 ◽
Keyword(s):
2003 ◽
Vol 5
(1)
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pp. 1-31
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