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Cambridge University Press Behavioral Social Choice: Probabilistic Models, Statistical Inference, and Applications

Name: Behavioral Social Choice: Probabilistic Models, Statistical Inference, and Applications
Brand: Cambridge University Press

Illustrated

Political Economy

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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. Furthermore, if there is a problem, they show that the problem is more likely to be one of sample estimates missing the majority winner in a close contest (e.g., Bush-Gore) than a problem about cycling. The authors also provide new mathematical tools to estimate the prevalence of cycles as a function of sample size and insights into how alternative model specifications can change our estimates of social orderings.

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Brand: Cambridge University Press
Model: Illustrated
Format: Hardcover
ASIN: 0521829682
Category: Books > Subjects > Business, Finance & Law > Economics > Political Economy
Domain: Amazon UK
Release Date: 15 May 2006
Listed Since: 05 February 2007

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Cambridge University Press Behavioral Social Choice: Probabilistic Models, Statistical Inference, and Applications

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