Cycles and Social Choice : The True and Unabridged Story of a Most Protean Paradox
Book Details
Format
Hardback or Cased Book
ISBN-10
1107180910
ISBN-13
9781107180918
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
US
Country of Publication
GB
Publication Date
Mar 22nd, 2018
Print length
170 Pages
Weight
366 grams
Dimensions
15.90 x 23.60 x 1.80 cms
Ksh 17,800.00
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The centuries-old paradox of voting is that majorities sometimes prefer x to y, y to z, and z to x - a cycle. This book is about the numerous and diverse sources and consequences of cycles, under majority rule and countless other regimes. Their discovery constitutes much of the mathematical theory of voting and social choice.
The centuries-old paradox of voting is that majorities sometimes prefer x to y, y to z, and z to x - a cycle. The discovery of the sources and consequences of such cycles, under majority rule and countless other regimes, constitutes much of the mathematical theory of voting and social choice. This book explores the big questions posed by the paradox of voting: positive questions about how to predict outcomes and explain observed stability, and normative questions about how to hold elections, how to take account of preference intensities, the relevance of social welfare to social choice, and challenges to formal ''rationality'', individual and social. The overall lesson is that cycles are facts, ubiquitous, and consequential in non-obvious ways, not puzzles to be solved, much less maladies or misfortunes to be avoided or regretted.
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