caa a22 4500 465774997 CHVBK 20180323111939.0 cr unu---uuuuu 170327e19901201xx s 000 0 eng 10.1007/BF02204845 doi (NATIONALLICENCE)springer-10.1007/BF02204845 Investing in the stock market: Statistical pooling of individual preference judgments [Elektronische Daten] [Noel Capon, Joel Steckel] Literature concerning the quality of individual and face-to-face group judgments has generally concluded that both groups and statistically pooled individuals outperform randomly chosen or average individuals. This paper extends previous research by comparing statistically pooled individual judgments of both individuals and face-to-face groups in a stock selection task. In general, decisions that would have resulted from statistically pooled judgments were better (as assessed by future stock value) than those that would have resulted from individual or face-to-face group judgments. In choosing among pooling methods, majority rule is often thought to be a very compelling criterion. However, majority rule can produce intransitive group preferences. Methods that use some procedure to resolve the intransitivities of majority rule did not perform well relative to other non-majority rule based methods. Another class of pooling methods, termed equity methods, used in conjunction with ordinal judgments, are recommended based on simplicity, performance, and fairness criteria. The results are discussed in terms of the nature of the task. J.C. Baltzer AG, Scientific Publishing Company, 1990 Capon Noel Graduate School of Business, Columbia University, 10027, New York, NY, USA aut Steckel Joel Department of Marketing, New York University, 40 West 4th Street, 10003, New York, NY, USA aut Annals of Operations Research Baltzer Science Publishers, Baarn/Kluwer Academic Publishers 23/1(1990-12-01), 181-200 0254-5330 23:1<181 1990 23 10479 https://doi.org/10.1007/BF02204845 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/BF02204845 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Capon Noel Graduate School of Business, Columbia University, 10027, New York, NY, USA aut NATIONALLICENCE 700 1- Steckel Joel Department of Marketing, New York University, 40 West 4th Street, 10003, New York, NY, USA aut NATIONALLICENCE 773 0- Annals of Operations Research Baltzer Science Publishers, Baarn/Kluwer Academic Publishers 23/1(1990-12-01), 181-200 0254-5330 23:1<181 1990 23 10479 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer