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I propose a general collective decision problem consisting in many issues that are interconnected in two ways: by mutual constraints and by connections of relevance. Aggregate decisions should respect the mutual constraints, and be based on relevant information only. This general informational...
Persistent link: https://www.econbiz.de/10011160432
In a single framework, I address the question of the informational basis for evaluating social states. I particularly focus on information about individual welfare, individual preferences and individual (moral) judgments, but the model is also open to any other informational input deemed...
Persistent link: https://www.econbiz.de/10011146925
Following Vartiainen (2007) we consider bargaining problems in which no exogenous disagreement outcome is given. A bargaining solution assigns a pair of outcomes to such a problem, namely a compromise outcome as well as a disagreement outcome: the interpretation is that the latter results if the...
Persistent link: https://www.econbiz.de/10011146939
Democratic decision-making is often defended on grounds of the ''wisdom of crowds'': decisions are more likely to be correct if they are based on many independent opinions, so a typical argument in social epistemology. But what does it mean to have independent opinions? Opinions can be...
Persistent link: https://www.econbiz.de/10011146940
The contemporary theory of epistemic democracy often draws on the Condorcet Jury Theorem to formally justify the `wisdom of crowds''. But this theorem is inapplicable in its current form, since one of its premises---voter independence---is notoriously violated. This premise carries...
Persistent link: https://www.econbiz.de/10011146988
Persistent link: https://www.econbiz.de/10004146448
Following Vartiainen (2007) we consider bargaining problems in which no exogenous disagreement outcome is given. A bargaining solution assigns a pair of outcomes to such a problem, namely a compromise outcome as well as a disagreement outcome: the interpretation is that the latter results if the...
Persistent link: https://www.econbiz.de/10008540709
In a single framework, I address the question of the informational basis for evaluating social states. I particularly focus on information about individual welfare, individual preferences and individual (moral) judgments, but the model is also open to any other informational input deemed...
Persistent link: https://www.econbiz.de/10005304782
Democratic decision-making is often defended on grounds of the ''wisdom of crowds'': decisions are more likely to be correct if they are based on many independent opinions, so a typical argument in social epistemology. But what does it mean to have independent opinions? Opinions can be...
Persistent link: https://www.econbiz.de/10008764979
The contemporary theory of epistemic democracy often draws on the Condorcet Jury Theorem to formally justify the `wisdom of crowds''. But this theorem is inapplicable in its current form, since one of its premises---voter independence---is notoriously violated. This premise carries...
Persistent link: https://www.econbiz.de/10008764980