In Sprint 44, we introduced two new methods for preventing voter bias in Broker Vote.
Broker Vote: Methods to Prevent Leniency Bias
Using ONEaccess, there are now two ways to prevent voter leniency bias in the valuation of research relationships. Voter leniency is the tendency for voters to rate their relationships too positively.
- The Flat Cap Method - Set a limited pool of points for all investment professionals to vote on their research relationships. This method is recommended when all investment professionals cast votes on the same number of relationships.
Example: Firm sets a pool of 1000 points for its 10 investment professionals to vote on 10 research relationships each. Each investment professional would receive 100 votes to distribute among their 10 research relationships.
- The Percentage (%) Cap Method - Set a percentage-based limit on the maximum number of votes an investment professional may assign. This method is recommended when each investment professional has a different number of research relationships to value.
Example: A voter with 10 research relationships and a maximum vote per relationship of 10 will have a maximum pool of 100 points. If a Percentage Cap of 80% is entered, then users can only assign a maximum of 80 points (80% x 100).