Behavioral Social Choice
Author | : Michel Regenwetter |
Publisher | : Cambridge University Press |
Total Pages | : 21 |
Release | : 2006-05-15 |
ISBN-10 | : 9780521829687 |
ISBN-13 | : 0521829682 |
Rating | : 4/5 (87 Downloads) |
Book excerpt: Behavioral Social Choice looks at the probabilistic foundations of collective decision-making rules. The authors challenge much of the existing theoretical wisdom about social choice processes, and seek to restore faith in the possibility of democratic decision-making. In particular, they argue that worries about the supposed prevalence of majority rule cycles that would preclude groups from reaching a final decision about what alternative they prefer have been greatly overstated. In practice, majority rule can be expected to work well in most real-world settings. They provide new insights into how alternative model specifications can change our estimates of social orderings.