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Optimal Voting Rules.

Abstract:

Modern social choice theory, following Kenneth Arrow, treats voting as a method for aggregating diverse preferences and values. An earlier view, initiated by Marquis de Condorcet, is that voting is a method for aggregating information. Voters' opinions differ because they make errors of judgment; absent these errors they would all agree on the best choice. The goal is to design a voting rule that identifies the best choice with highest probability. This paper examines maximum likelihood estim...

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Journal:
Journal of Economic Perspectives
Volume:
9
Publication date:
1995-01-01
URN:
uuid:8430327e-97fe-49b1-ba29-25350ce79484
Local pid:
oai:economics.ouls.ox.ac.uk:10952
Language:
English

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