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BestsellerE-book
Author Nitzan, Shmuel.

Title Collective preference and choice / Shmuel Nitzan.

Publication Info. Cambridge ; New York : Cambridge University Press, 2010.

Item Status

Description 1 online resource (xvii, 255 pages) : illustrations
Physical Medium polychrome
Description text file
Bibliography Includes bibliographical references (pages 246-250) and index.
Contents The reason for the problems -- Brief overview of the problems -- The relationship between preferences and choice -- Do social preferences exist? -- Arrow's and Sen's impossibility theorems -- The desirable decision rule: axiomatization -- Rule selection based on compromise with the unanimity criterion -- Paradoxes of voting -- Majority tyranny -- The problems of inefficient provision of public goods -- Do individuals reveal their true preferences?
Summary Collective decision-making is a familiar feature of our social, political, and economic lives. It ranges from the relatively trivial (e.g. the choice of the next family car) to the globally significant (e.g. whether or not a country should go to war). Yet, whether trivial or globally significant, such decisions involve a number of challenging problems. These problems arise in the standard social choice setting, where individuals differ in their preferences. They also arise in the standard decision-making setting, where individuals share the same preferences, but differ in their decisional capabilities. The distinctive feature of Collective Preference and Choice is that it looks at classical aggregation problems that arise in three closely related areas: social choice theory, voting theory, and group decision-making under uncertainty. Using a series of exercises and examples, the book explains these problems with reference to a number of important contributions to the study of collective decision-making.
Local Note eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America
Subject Group decision making -- Mathematical models.
Group decision making -- Mathematical models.
Group decision making.
Social choice -- Mathematical models.
Social choice -- Mathematical models.
Genre/Form Electronic books.
Other Form: Print version: Nitzan, Shmuel. Collective preference and choice. Cambridge ; New York : Cambridge University Press, 2010 9780521897259 (DLC) 2010277886 (OCoLC)429025584
ISBN 9780511691492 (electronic book)
0511691491 (electronic book)
9780521897259 (hardback)
0521897254 (hardback)
9780521722131 (paperback)
0521722136 (paperback)
9780511803871 (electronic book)
0511803877 (electronic book)
Standard No. 9786612652813