A Ranking Method Based on Handicaps
AbstractRanking methods are fundamental tools in many areas. Popular methods aggregate the statements of ‘experts’ in different ways. As such, there are various reasonable ranking methods, each one of them more or less adapted to the environment under consideration. This paper introduces a new method, called the handicap-based method, and characterizes it through appealing properties. This method assigns not only scores to the items but also weights to the experts. Scores and weights form an equilibrium for a relationship based on the notion of handicaps. The method is, in a sense made precise in the paper, the counterpart to the counting method in environments that require intensity-invariance. Intensity-invariance is a desirable property when the intensity of the experts' statements has to be controlled. Otherwise, both the counting and handicap-based methods satisfy a property called homogeneity, which is a desirable property when cardinal statements matter, as is the case in many applications. The method is illustrated for ranking economic journals.
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Bibliographic InfoPaper provided by CESifo Group Munich in its series CESifo Working Paper Series with number 4636.
Date of creation: 2014
Date of revision:
ranking; scores; invariant method; peers’ method; handicap; scaling matrix;
Other versions of this item:
- D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
- D89 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Other
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