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In social choice theory, May's theorem, also called the general possibility theorem, [1] says that majority vote is the unique ranked social choice function between two candidates that satisfies the following criteria:
The theorem was first published by Kenneth May in 1952.
Various modifications have been suggested by others since the original publication. If rated voting is allowed, a wide variety of rules satisfy May's conditions, including score voting or highest median voting rules.
Arrow's theorem does not apply to the case of two candidates (when there are trivially no "independent alternatives"), so this possibility result can be seen as the mirror analogue of that theorem. Note that anonymity is a stronger requirement than Arrow's non-dictatorship.
Another way of explaining the fact that simple majority voting can successfully deal with at most two alternatives is to cite Nakamura's theorem. The theorem states that the number of alternatives that a rule can deal with successfully is less than the Nakamura number of the rule. The Nakamura number of simple majority voting is 3, except in the case of four voters. Supermajority rules may have greater Nakamura numbers.[ citation needed ]
Let A and B be two possible choices, often called alternatives or candidates. A preference is then simply a choice of whether A, B, or neither is preferred. [1] Denote the set of preferences by {A, B, 0}, where 0 represents neither.
Let N be a positive integer. In this context, a ordinal (ranked) social choice function is a function
which aggregates individuals' preferences into a single preference. [1] An N-tuple (R1, …, RN) ∈ {A, B, 0}N of voters' preferences is called a preference profile.
Define a social choice function called simple majority voting as follows: [1]
May's theorem states that simple majority voting is the unique social welfare function satisfying all three of the following conditions: [1]
Arrow's impossibility theorem is a key result in social choice theory, showing that no ranking-based decision rule can satisfy the requirements of rational choice theory. Most notably, Arrow showed that no such rule can satisfy all of a certain set of seemingly simple and reasonable conditions that include independence of irrelevant alternatives, the principle that a choice between two alternatives A and B should not depend on the quality of some third, unrelated option C.
Independence of irrelevant alternatives (IIA) is an axiom of decision theory which codifies the intuition that a choice between and should not depend on the quality of a third, unrelated outcome . There are several different variations of this axiom, which are generally equivalent under mild conditions. As a result of its importance, the axiom has been independently rediscovered in various forms across a wide variety of fields, including economics, cognitive science, social choice, fair division, rational choice, artificial intelligence, probability, and game theory. It is closely tied to many of the most important theorems in these fields, including Arrow's impossibility theorem, the Balinski-Young theorem, and the money pump arguments.
The Gibbard–Satterthwaite theorem is a theorem in social choice theory. It was first conjectured by the philosopher Michael Dummett and the mathematician Robin Farquharson in 1961 and then proved independently by the philosopher Allan Gibbard in 1973 and economist Mark Satterthwaite in 1975. It deals with deterministic ordinal electoral systems that choose a single winner, and shows that for every voting rule of this form, at least one of the following three things must hold:
A random ballot or random dictatorship is a randomized electoral system where the election is decided on the basis of a single randomly-selected ballot. A closely-related variant is called random serialdictatorship, which repeats the procedure and draws another ballot if multiple candidates are tied on the first ballot.
In social choice theory, the majority rule (MR) is a social choice rule which says that, when comparing two options, the option preferred by more than half of the voters should win.
Social choice theory is a branch of welfare economics that extends the theory of rational choice to collective decision-making. Social choice studies the behavior of different mathematical procedures used to combine individual preferences into a coherent whole. It contrasts with political science in that it is a normative field that studies how a society can make good decisions, whereas political science is a descriptive field that observes how societies actually do make decisions. While social choice began as a branch of economics and decision theory, it has since received substantial contributions from mathematics, philosophy, political science, and game theory.
Allan Fletcher Gibbard is the Richard B. Brandt Distinguished University Professor of Philosophy Emeritus at the University of Michigan, Ann Arbor. Gibbard has made major contributions to contemporary ethical theory, in particular metaethics, where he has developed a contemporary version of non-cognitivism. He has also published articles in the philosophy of language, metaphysics, and social choice theory: in social choice, he first proved the result known today as Gibbard-Satterthwaite theorem, which had been previously conjectured by Michael Dummett and Robin Farquharson.
Kenneth Arrow's monograph Social Choice and Individual Values and a theorem within it created modern social choice theory, a rigorous melding of social ethics and voting theory with an economic flavor. Somewhat formally, the "social choice" in the title refers to Arrow's representation of how social values from the set of individual orderings would be implemented under the constitution. Less formally, each social choice corresponds to the feasible set of laws passed by a "vote" under the constitution even if not every individual voted in favor of all the laws.
The Duggan–Schwartz theorem is a result about voting systems designed to choose a nonempty set of winners from the preferences of certain individuals, where each individual ranks all candidates in order of preference. It states that for three or more candidates, at least one of the following must hold:
In social choice theory, a dictatorship mechanism is a degenerate voting rule or mechanism where the result depends on only one person's preferences, without considering any other voters. A serial dictatorship is similar, but also designates a series of "backup dictators", who break ties in the original dictator's choices when the dictator is indifferent.
In cooperative game theory and social choice theory, the Nakamura number measures the degree of rationality of preference aggregation rules, such as voting rules. It is an indicator of the extent to which an aggregation rule can yield well-defined choices.
Rated, evaluative, graded, or cardinalvotingrules are a class of voting methods that allow voters to state how strongly they support a candidate, by giving each one a grade on a separate scale.
Ranked voting is any voting system that uses voters' rankings of candidates to choose a single winner or multiple winners. More formally, a ranked system is one that depends only on which of two candidates is preferred by a voter, and as such does not incorporate any information about intensity of preferences. Ranked voting systems vary dramatically in how preferences are tabulated and counted, which gives them very different properties. In instant-runoff voting (IRV) and the single transferable vote system (STV), lower preferences are used as contingencies and are only applied when all higher-ranked preferences on a ballot have been eliminated or when one of the higher ranked preferences has been elected and surplus votes need to be transferred.
There are a number of different criteria which can be used for voting systems in an election, including the following
Arunava Sen is a professor of economics at the Indian Statistical Institute. He works on Game Theory, Social Choice Theory, Mechanism Design, Voting and Auctions.
Maximal lotteries refers to a probabilistic voting rule. The method uses preferential ballots and returns a probability distribution of candidates that a majority of voters would weakly prefer to any other.
In the fields of mechanism design and social choice theory, Gibbard's theorem is a result proven by philosopher Allan Gibbard in 1973. It states that for any deterministic process of collective decision, at least one of the following three properties must hold:
Fractional, stochastic, or weighted social choice is a branch of social choice theory in which the collective decision is not a single alternative, but rather a weighted sum of two or more alternatives. For example, if society has to choose between three candidates, then in standard social choice exactly one of these candidates is chosen. By contrast, in fractional social choice it is possible to choose any linear combination of these, e.g. "2/3 of A and 1/3 of B".
In economics and social choice, a function satisfies anonymity, neutrality, or symmetry if the rule does not discriminate between different participants ahead of time. For example, in an election, a voter-anonymous function is one where it does not matter who casts which vote, i.e. all voters' ballots are equal ahead of time. Formally, this is defined by saying the rule returns the same outcome if the votes are "relabeled" arbitrarily, e.g. by swapping votes #1 and #2. Similarly, outcome-neutrality says the rule does not discriminate between different outcomes ahead of time. Formally, if the labels assigned to each outcome are permuted arbitrarily, the returned result is permuted in the same way.
The median voting rule or median mechanism is a rule for group decision-making along a one-dimensional domain. Each person votes by writing down his/her ideal value, and the rule selects a single value which is the median of all votes.