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Independent opinions?

Dietrich, Franz and Spiekermann, Kai (2010) Independent opinions? Working papers, London School of Economics and Political Science, London, UK.

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Abstract

Democratic decision-making is often defended on grounds of the ‘wisdom of crowds’: decisions are more likely to be correct if they are based on many independent opinions, so a typical argument in social epistemology. But what does it mean to have independent opinions? Opinions can be probabilistically dependent (threatening the ‘wisdom of crowds’) even if individuals form their opinion in causal isolation from each other. We distinguish four probabilistic notions of opinion independence. Which of them holds depends on how individuals are causally affected by environmental factors such as commonly perceived evidence. In a general theorem, we identify causal conditions guaranteeing each kind of opinion independence. These results have implications for whether and how ‘wisdom of crowds’ arguments are possible, and how truth-conducive institutions can be designed.

Item Type: Monograph (Working Paper)
Official URL: http://www2.lse.ac.uk/CPNSS/Home.aspx
Additional Information: © 2010 The Authors
Library of Congress subject classification: B Philosophy. Psychology. Religion > B Philosophy (General)
H Social Sciences > H Social Sciences (General)
Sets: Departments > Government
Departments > Philosophy, Logic and Scientific Method
Research centres and groups > Centre for Philosophy of Natural and Social Science (CPNSS)
Research centres and groups > LSE Choice Group
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Projects: The LSE Choice Group
Date Deposited: 13 Dec 2010 12:52
URL: http://eprints.lse.ac.uk/30664/

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