Abstract
The purpose of this note is to suggest the advantages of a probabilistic model of social choice in which we impose some naive assumptions on the individual preference relations. According to the probabilistic approach, society chooses a certain alternative in a two-stage process. First, social probabilities are determined on the basis of individual probabilities using the average rule. Second, a certain alternative is chosen by a random mechanism which utilizes the above social probabilities.
Original language | English |
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Pages (from-to) | 93-100 |
Number of pages | 8 |
Journal | Public Choice |
Volume | 24 |
Issue number | 1 |
DOIs | |
State | Published - Dec 1975 |
Externally published | Yes |