According to Condorcet, the larger the team of decision-makers using the simple majority rule, the more likely they are to
reach correct decisions. This paper examines the validity of this claim under the condition of reduced team competence with
size. Determining committee size always involves quality-versus-quantity dilemma. This study provides criteria, as well as
an algorithm, for deciding on the optimum size of boards and committees.
Received: 18 January 2002/Accepted: 22 April 2002
The authors acknowledge the helpful comments of an anonymous referee.