Showing 1 - 10 of 12,929
the decision makers' posterior probabilities of a particular state of nature. Nevertheless, voting is generally an … voting mechanisms. The paper derives the conditions under which the optimal decision rule is equivalent to some well …-known voting procedure (weighted supermajority, weighted majority, and simple majority) and shows that these are very stringent …
Persistent link: https://www.econbiz.de/10010457829
and argue that instead utilitarian, i.e. cardinal social choice theory is relevant for voting. I show that justifications …Utilitarian voting (UV) is defined in this paper as any voting rule that allows the voter to rank all of the … alternatives by means of the scores permitted under a given voting scale. Specific UV rules that have been proposed are approval …
Persistent link: https://www.econbiz.de/10010440432
The paper challenges the "orthodox doctrine" of collective choice theory according to which Arrow's "general … possibility theorem" precludes rational decision procedures generally and implies that in particular all voting procedures must be … flawed. I point out that all voting procedures are cardinal and that Arrow's result, based on preference orderings cannot …
Persistent link: https://www.econbiz.de/10010440457
In his seminal Social Choice and Individual Values, Kenneth Arrow stated that his theory applies to voting. Many voting … theorists have been convinced that, on account of Arrow's theorem, all voting methods must be seriously flawed. Arrow's theory … theory leaves k to be determined on pragmatic grounds. A (1,0) scale gives approval voting. I prefer the scale (1,0,-1) and …
Persistent link: https://www.econbiz.de/10010440461
voting exists that cannot be described on the base of ordinal theory, and to describe it the cardinal point of view is …In the article it is called the universality of the ordinal theory of social choice in question. It is shown that a … demanded. In absence of cardinal formalization of basic axioms of the social choice theory it is offered new formal …
Persistent link: https://www.econbiz.de/10012724685
democracy. This study investigates the impact of voting rules on the perception of legitimacy in a democratic government.Using a … human subject experiment, 120 participants cast their votes using four voting methods: Majority voting, Combined Approval … Voting, Score Voting, and modified Borda Count. The experiment was conducted in two contexts: a non-consequential setting …
Persistent link: https://www.econbiz.de/10014260310
We conduct an experiment in which groups are tasked with evaluating the truth of a set of politically relevant facts and statements, and we investigate whether communication improves information aggregation and the accuracy of group decisions. Our findings suggest that the effect of...
Persistent link: https://www.econbiz.de/10014495051
Who will vote quadratically in large-N elections under quadratic voting (QV)? First, who will vote? Although the core …, voting behavior and outcomes would be determined predominately by social and psychological forces, would thereby exhibit few … that require a different research agenda to bring into focus. Some of our analysis also has implications for voting …
Persistent link: https://www.econbiz.de/10011578439
Weighted committees allow shareholders, party leaders, etc. to wield different numbers of votes or voting weights as …
Persistent link: https://www.econbiz.de/10012698221
We propose a two-period model of a committee with sequentially voting members, who may differ in their degree of … efficiency. In this model we examine whether the publication of the committee's voting records is desirable. We show that first …-period welfare is higher if voting records remain secret because transparency induces less efficient committee members to vote in a …
Persistent link: https://www.econbiz.de/10014051614