"The Optimal Jury Size When Jury Deliberation Follows a Random Walk"
Public Choice, Vol. 134, No. 3-4, 2008
Robert Day School of Economics and Finance Research Paper No. 2008-3
ERIC HELLAND, Claremont McKenna College - Robert Day School of Economics and Finance, RAND
Email: ehelland@cmc.edu
YARON RAVIV, Claremont McKenna College - Robert Day School of Economics and Finance
Email: yraviv@cmc.edu
The existing literature does not agree on the optimal jury size. We demonstrate that the probability of type I and type II errors is not sensitive to the number of jurors under the following three conditions: jurors received independent signals about a defendant's guilt during the evidence stage of the trial; the jurors truthfully reveal their signal before deliberations in the first ballot via their vote; and the jury deliberation can be modeled as a random walk. Since the opportunity cost of jury service is positive, this implies the optimal number of jurors is one.
And why do we need coauthors?
4 comments:
Huh?
Is this guy serious? (Of course as always with this neo-classical non-sense the real crux lies in the choice of axioms and the use of the word OPTIMAL).
Aha! "An analysis of the optimal number of authors of a research paper under the maximizing formalism in economics."
By:
Abstract: 0.
Body:
under alternative choice of parameters for the same model, i come up with the optimum number being 0.
Media, you agree with BruceMcF. Some papers are optimally left unwritten.
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