Showing 1 - 10 of 63
I model sequential decisions over multiple interconnected propositions and investigate path-dependence in such decisions. The propositions and their interconnections are represented in propositional logic. A sequential decision process is path-dependent if its outcome depends on the order in...
Persistent link: https://www.econbiz.de/10009439539
A framing effect occurs when an agent’s choices are not invariant under changes in the way a decision problem is presented, e.g. changes in the way options are described (violation of description invariance) or preferences are elicited (violation of procedure invariance). Here we identify...
Persistent link: https://www.econbiz.de/10009440189
Under the independence and competence assumptions of Condorcet’s classical jury model, the probability of a correct majority decision converges to certainty as the jury size increases, a seemingly unrealistic result. Using Bayesian networks, we argue that the model’s independence assumption...
Persistent link: https://www.econbiz.de/10009440190
I model sequential decisions over multiple interconnected propositions and investigate pathdependencein such decisions. The propositions and their interconnections are represented in propositionallogic. A sequential decision process is path-dependent if its outcome depends on the order inwhich...
Persistent link: https://www.econbiz.de/10009451520
Persistent link: https://www.econbiz.de/10003935737
Persistent link: https://www.econbiz.de/10010353723
While a large social-choice-theoretic literature discusses the aggregation of individual judgments into collective ones, there is relatively little formal work on the transformation of individual judgments in group deliberation. I develop a model of judgment transformation and prove a baseline...
Persistent link: https://www.econbiz.de/10012725962
Majority cycling and related social choice paradoxes are often thought to threaten the meaningfulness of democracy. But deliberation can prevent majority cycles - not by inducing unanimity, which is unrealistic, but by bringing preferences closer to single-peakedness. We present the first...
Persistent link: https://www.econbiz.de/10012728455
In response to recent work on the aggregation of individual judgments on logically connected propositions into collective judgments, it is often asked whether judgment aggregation is a special case of Arrowian preference aggregation. We argue the op- posite. After proving a general impossibility...
Persistent link: https://www.econbiz.de/10012766351
While a large social-choice-theoretic literature discusses the aggregation of individual judgments into collective ones, there is relatively little formal work on the transformation of individual judgments in group deliberation. I develop a model of judgment transformation and prove a baseline...
Persistent link: https://www.econbiz.de/10012771330