Article ID Journal Published Year Pages File Type
957013 Journal of Economic Theory 2014 36 Pages PDF
Abstract

Judgement aggregation is a model of social choice in which the space of social alternatives is the set of consistent evaluations (‘views’) on a family of logically interconnected propositions, or yes/no issues. However, simply complying with the majority opinion in each issue often yields a logically inconsistent collective view. Thus, we consider the Condorcet set: the set of logically consistent views which agree with the majority on a maximal subset of issues. The elements of this set turn out to be exactly those that can be obtained through sequential majority voting, according to which issues are sequentially decided by simple majority unless earlier choices logically force the opposite decision. We investigate the size and structure of the Condorcet set for several important classes of judgement aggregation problems. While the Condorcet set verifies a version of McKelvey's (1979) celebrated ‘chaos theorem’ in a number of contexts, in others it is shown to be very regular and well-behaved.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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