De Finett's Approach to Group Decision Making.
Abstract
A group of Bayesians must make a group decision; e.g., choose one of two final actions. De Finetti considered group decision making, relative to a special sequential decision problem, when all individuals have the same loss function but different opinions. In particular, he defined the individual horizon and the common horizon relative to a given group decision role such as a voting rule. He characterized voting rules as an average of decisions and argued that it is better for the group to use an average of opinions. Keywords: Bayesian statistics, Decision theory, Sequential analysis, Voting rules.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jun 01, 1987
- Accession Number
- ADA188074
Entities
People
- Fabio Spizzichino
- Richard E. Barlow
- Sergio Wechsler
Organizations
- University of California, Berkeley