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The widely discussed `discursive dilemma' shows that majority voting in a group of individuals on logically connected propositions may produce irrational collective judgments. We generalize majority voting by considering quota rules, which accept each proposition if and only if the number of...
Persistent link: https://www.econbiz.de/10010777998
According to standard rational choice theory, as commonly used in political science and economics, an agent's fundamental preferences are exogenously fixed, and any preference change over decision options is due to Bayesian information learning. Although elegant and parsimonious, such a model...
Persistent link: https://www.econbiz.de/10009367615