Voting in Hiring Committees: Which "Almost" Rule is Optimal?

Abstract

We determine the scoring rule that is most likely to select a high-ability candidate. A major result is that neither the widely used plurality rule nor the inverse-plurality rule are ever optimal, and that the Borda rule is hardly ever optimal. Furthermore, we show that only the almost-plurality, the almost-inverse-plurality, and the almost-Borda rule can be optimal. Which of the “almost” rules is optimal depends on the likelihood that a candidate has high ability and how likely committee members are to correctly identify the abilities of the different candidates

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EconStor (ZBW Kiel)

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Last time updated on 18/06/2018

This paper was published in EconStor (ZBW Kiel).

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