Abstract
According to the axiomatic literature on consensus methods, the best collective choice by one method of preference aggregation can easily be the worst by another. Are award committees, electorates, managers, online retailers, and web-based recommender systems stuck with an impossibility of rational preference aggregation? We investigate this social choice conundrum for 7 social choice methods: Condorcet, Borda, Plurality, Antiplurality, the Single Transferable Vote, Coombs, and Plurality Runoff. We rely on Monte Carlo simulations for theoretical results and on 12 ballot datasets from American Psychological Association (APA) presidential elections for empirical results. Each of these elections provides partial rankings of 5 candidates from about 13,000 to about 20,000 voters. APA preferences are neither domain-restricted nor generated by an Impartial Culture. We find virtually no trace of a Condorcet paradox. In direct contrast with the classical social choice conundrum, competing consensus methods agree remarkably well, especially on the overall best and worst options. The agreement is also robust under perturbations of the preference profile via resampling, even in relatively small pseudo samples. We also explore prescriptive implications of our findings.
Original language | English (US) |
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Pages (from-to) | 123-146 |
Number of pages | 24 |
Journal | Decision |
Volume | 1 |
Issue number | 2 |
DOIs | |
State | Published - 2014 |
Keywords
- Alternative Vote
- Behavioral social choice
- Collective decision making
- Consensus methods
- Instant Runoff
ASJC Scopus subject areas
- Social Psychology
- Neuropsychology and Physiological Psychology
- Applied Psychology
- Statistics, Probability and Uncertainty