Stone, Peter and Kagotani, Koji (2013) Optimal Committee Composition: Diversity, Bias, and Size. In: [2013] 6th Munich-Sydney-Tilburg Conference on Models and Decisions (Munich; 10-12 April 2013).
Abstract
The Condorcet Jury Theorem (CJT), together with a large and growing literature of ancillary results, suggests two conclusions. First, large committees outperform small committees, other things equal. Second, heterogeneous committees can, under the right circumstances, outperform homogeneous ones, again other things equal. But this literature has done little to bring these two conclusions together. This paper compares the respective contributions of size and difference to optimal committee performance, and draws policy recommendations using these comparisons.
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