Asset Details
Do you wish to reserve the book?
CONSISTENT PROBABILISTIC SOCIAL CHOICE
Hey, we have placed the reservation for you!
By the way, why not check out events that you can attend while you pick your title.
Oops! Something went wrong.
Looks like we were not able to place the reservation. Kindly try again later.
Are you sure you want to remove the book from the shelf?
CONSISTENT PROBABILISTIC SOCIAL CHOICE
Do you wish to request the book?
CONSISTENT PROBABILISTIC SOCIAL CHOICE
Please be aware that the book you have requested cannot be checked out. If you would like to checkout this book, you can reserve another copy
We have requested the book for you!
Your request is successful and it will be processed during the Library working hours. Please check the status of your request in My Requests.
Oops! Something went wrong.
Looks like we were not able to place your request. Kindly try again later.
Journal Article
CONSISTENT PROBABILISTIC SOCIAL CHOICE
2016
Overview
Two fundamental axioms in social choice theory are consistency with respect to a variable electorate and consistency with respect to components of similar alternatives. In the context of traditional non-probabilistic social choice, these axioms are incompatible with each other. We show that in the context of probabilistic social choice, these axioms uniquely characterize a function proposed by Fishburn (1984). Fishburn's function returns so-called maximal lotteries, that is, lotteries that correspond to optimal mixed strategies in the symmetric zero-sum game induced by the pairwise majority margins. Maximal lotteries are guaranteed to exist due to von Neumann's Minimax Theorem, are almost always unique, and can be efficiently computed using linear programming.
Publisher
Econometric Society,Blackwell Publishing Ltd
