Voting in Hiring Committees: Which 'Almost' Rule is Optimal?
37 Pages Posted: 29 Jan 2018
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.
Keywords: committee decisions, scoring rules, "almost" voting rules
JEL Classification: D71
Suggested Citation: Suggested Citation