Working Paper

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

Eyal Baharad, Leif Danziger
CESifo, Munich, 2018

CESifo Working Paper No. 6851

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.

CESifo Category
Labour Markets
Public Choice
JEL Classification: D710