ISBN:
9780511803871
Language:
English
Pages:
1 Online-Ressource
Parallel Title:
Erscheint auch als Nitsan, Shemuʾel, 1948 - Collective preference and choice
Parallel Title:
Print version
DDC:
302.3
Keywords:
Social choice Mathematical models
;
Group decision making Mathematical models
;
Kollektiventscheidung
;
Mathematisches Modell
;
Group decision making
;
Mathematical models
;
Social choice
;
Mathematical models
;
Gruppenentscheidung
;
Entscheidungstheorie
;
Mathematisches Modell
Abstract:
Collective decision-making is a familiar feature of our social, political, and economic lives. It ranges from the relatively trivial (e.g. the choice of the next family car) to the globally significant (e.g. whether or not a country should go to war). Yet, whether trivial or globally significant, such decisions involve a number of challenging problems. These problems arise in the standard social choice setting, where individuals differ in their preferences. They also arise in the standard decision-making setting, where individuals share the same preferences, but differ in their decisional capabilities. The distinctive feature of Collective Preference and Choice is that it looks at classical aggregation problems that arise in three closely related areas: social choice theory, voting theory, and group decision-making under uncertainty. Using a series of exercises and examples, the book explains these problems with reference to a number of important contributions to the study of collective decision-making
Abstract:
The reason for the problems -- Brief overview of the problems -- The relationship between preferences and choice -- Do social preferences exist? -- Arrow's and Sen's impossibility theorems -- The desirable decision rule: axiomatization -- Rule selection based on compromise with the unanimity criterion -- Paradoxes of voting -- Majority tyranny -- The problems of inefficient provision of public goods -- Do individuals reveal their true preferences?
Note:
Title from publisher's bibliographic system (viewed on 05 Oct 2015)
DOI:
10.1017/CBO9780511803871
URL:
Volltext
(lizenzpflichtig)
URL:
Volltext
(lizenzpflichtig)
URL:
https://doi.org/10.1017/CBO9780511803871
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