Collective Decisions and Voting


Book Description

When one thinks about how collective decisions are made, voting is the method that comes naturally to mind. But other methods such as random process and consensus are also used. This book explores just what a collective decision is, classifies the methods of making collective decisions, and identifies the advantages and disadvantages of each method. Classification is the prelude to evaluation. What are the characteristics of a method of making collective decisions, the book asks, that permit us to describe a collective decision as good? The second part of the book is detailed exploration of voting: the dimensions in which voting situations differ, the origins and logic of majority rule, the frequency of cycles in voting, the Arrow and Gibbard-Satterthwaite theorems, criteria for ways of cutting through cycles and the application of these criteria to a variety of rules, voting over continuums, proportional representation, and voting rules that take account of intensities of preferences. Relatively unknown methods of voting give voting a much greater potential than is generally recognized. Collective Decisions and Voting is essential reading for everyone with an interest in voting theory and in how public choices might be made.




The Economics Of Collective Choice


Book Description

The study of government policy and public decision-making has experienced a renaissance in recent years as economists and political scientists have come together to form the new field of collective, or public, choice. The Economics of Colletive Choice is a breakthrough text in this field. It is the first to approach the public policy process with a sophisticated understanding of both economics and government and to present these ideas with a grace and accessibility entirely appropriate to undergraduates. Collective choice economics as presented by Professor Stevens is a mix of applied welfare economics and public choice analysis and does not presuppose a knowledge of intermediate microeconomics. Professor Stevens credits both the conservative insight that government intervention is often worse than what it is intended to cure and the liberal view that efficiency and justice are sometimes best served by intervention. This approach allows students to find their own balance between these ideological views. This unique book is designed as a core text for courses on public choice and public policy analysis. It will also find wide use in courses on public administration or public affairs and as a supplementary text in courses on public sector economics and public finance.




The Theory of Social Choice


Book Description

One fundamental premise of democratic theory is that social policy, group choice, or collective action should be based on the preferences of the individuals in the society, group, or collective. Using the tools of formal mathematical analysis, Peter C. Fishburn explores and defines the conditions for social choice and methods for synthesizing individuals' preferences. This study is unique in its emphasis on social choice functions, the general position that individual indifference may not be transitive, and the use of certain mathematics such as linear algebra. The text is divided into three main parts: social choice between two alternatives, which examines a variety of majority-like functions; simple majority social choice, which focuses on social choice among many alternatives when two-element feasible subset choices are based on simple majority; and a general study of aspects and types of social choice functions for many alternatives. Originally published in 1973. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.




Democratic Planning and Social Choice Dilemmas


Book Description

Using the economic approach of social choice theory, this unique book examines difficulties found in democratic processes involved in the creation and implementation of planning policies. Social choice theory focuses on the hard trade-offs to be made between rationality in decision-making on the one hand, and political values such as democracy, liberalism and freedom from manipulation on the other. As an institution can be seen as a set of rules, the focus on rules and procedures of collective choice makes social choice theory well suited for analysing important political aspects of planning institutions. Special attention is given to communicative planning and the logical reasons why all the desirable properties of dialogue cannot be simultaneously attained. The analysis provides original and significant new insights into the process and the institutions involved. It highlights weak spots of present planning techniques and procedures and suggests further steps towards institutionally enriched planning theory.




Optimizing Millennial Consumer Engagement With Mood Analysis


Book Description

Consumer engagement is becoming crucial to the recall and survival of brands in intense competitive markets. Due to digital innovations, businesses have seen the emergence of the millennial population as a target audience, and many businesses are struggling with adopting methods to engage the generation to leverage an enriched brand experience. Optimizing Millennial Consumer Engagement With Mood Analysis is a critical scholarly resource that explores how companies ensure brand sustainability through influencing the minds and moods of consumers to create an interactive customer experience. Featuring coverage on a broad range of topics such product presentation, brand fandom, social media, lifestyle products, and buying behavior, this book is geared towards marketers, business managers, business practitioners, international business strategists, academicians, consumer researchers, and upper-level graduate students attempting to understand consumer engagement through mood analysis.




The Arrow Impossibility Theorem


Book Description

Kenneth Arrow's pathbreaking Òimpossibility theoremÓ was a watershed in the history of welfare economics, voting theory, and collective choice, demonstrating that there is no voting rule that satisfies the four desirable axioms of decisiveness, consensus, nondictatorship, and independence. In this book, Amartya Sen and Eric Maskin explore the implications of ArrowÕs theorem. Sen considers its ongoing utility, exploring the theoremÕs value and limitations in relation to recent research on social reasoning, while Maskin discusses how to design a voting rule that gets us closer to the idealÑgiven that achieving the ideal is impossible. The volume also contains a contextual introduction by social choice scholar Prasanta K. Pattanaik and commentaries from Joseph E. Stiglitz and Kenneth Arrow himself, as well as essays by Sen and Maskin outlining the mathematical proof and framework behind their assertions.




Working Together


Book Description

Advances in the social sciences have emerged through a variety of research methods: field-based research, laboratory and field experiments, and agent-based models. However, which research method or approach is best suited to a particular inquiry is frequently debated and discussed. Working Together examines how different methods have promoted various theoretical developments related to collective action and the commons, and demonstrates the importance of cross-fertilization involving multimethod research across traditional boundaries. The authors look at why cross-fertilization is difficult to achieve, and they show ways to overcome these challenges through collaboration. The authors provide numerous examples of collaborative, multimethod research related to collective action and the commons. They examine the pros and cons of case studies, meta-analyses, large-N field research, experiments and modeling, and empirically grounded agent-based models, and they consider how these methods contribute to research on collective action for the management of natural resources. Using their findings, the authors outline a revised theory of collective action that includes three elements: individual decision making, microsituational conditions, and features of the broader social-ecological context. Acknowledging the academic incentives that influence and constrain how research is conducted, Working Together reworks the theory of collective action and offers practical solutions for researchers and students across a spectrum of disciplines.




Social Choice and Individual Values


Book Description

Originally published in 1951, "Social Choice and Individual Values" introduced "Arrow's Impossibility Theorem" and founded the field of social choice theory in economics and political science. This new edition, including a new foreword by Nobel laureate Eric Maskin, reintroduces Arrow's seminal book to a new generation of students and researchers."Far beyond a classic, this small book unleashed the ongoing explosion of interest in social choice and voting theory. A half-century later, the book remains full of profound insight: its central message, 'Arrow's Theorem, ' has changed the way we think."--Donald G. Saari, author of "Decisions and Elections: Explaining the Unexpected "




Individual and Collective Memory Consolidation


Book Description

An argument that individuals and collectives form memories by analogous processes and a case study of collective retrograde amnesia. We form individual memories by a process known as consolidation: the conversion of immediate and fleeting bits of information into a stable and accessible representation of facts and events. These memories provide a version of the past that helps us navigate the present and is critical to individual identity. In this book, Thomas Anastasio, Kristen Ann Ehrenberger, Patrick Watson, and Wenyi Zhang propose that social groups form collective memories by analogous processes. Using facts and insights from neuroscience, psychology, anthropology, and history, they describe a single process of consolidation with analogous—not merely comparable—manifestations on any level, whether brain, family, or society. They propose a three-in-one model of memory consolidation, composed of a buffer, a relator, and a generalizer, all within the consolidating entity, that can explain memory consolidation phenomena on individual and collective levels. When consolidation is disrupted by traumatic injury to a brain structure known as the hippocampus, memories in the process of being consolidated are lost. In individuals, this is known as retrograde amnesia. The authors hypothesize a "social hippocampus" and argue that disruption at the collective level can result in collective retrograde amnesia. They offer the Chinese Cultural Revolution (1966–1976) as an example of trauma to the social hippocampus and present evidence for the loss of recent collective memory in mainland Chinese populations that experienced the Cultural Revolution.