Corruption Perception: Experts vs. The Wisdom of the Crowd

Transparency International famously publishes a Corruption Perceptions Index (CPI) every year, which ranks countries by perceived corruption levels, gleaned from an amalgamation of ‘expert’ surveys and country assessments produced by around a dozen institutions (e.g., the Bertelsmann Foundation; the Economist Intelligence Unit; Freedom House; Political Risk Services International; the World Economic Forum’s “Executive Opinion Surveys”).…

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