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On the Measurement of Success and Satisfaction

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  • Ren� van den Brink

    (VU University Amsterdam)

  • Frank Steffen

    (The University of Liverpool Management School)

Abstract

The main purpose of the present paper is to disentangle the mix-up of the notions of success and satisfaction which is prevailing in the voting power literature. We demonstrate that both notions are conceptually distinct, and discuss their relationship and measurement. We show that satisfaction contains success as one component, and that both coincide under the canonical set-up of a simultaneous decision-making mechanism as it is predominant in the voting power literature. However, we provide two examples of sequential decision-making mechanisms in order to illustrate the difference between success and satisfaction. In the context of the discussion of both notions we also address their relationship to different types of luck.

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Bibliographic Info

Paper provided by Tinbergen Institute in its series Tinbergen Institute Discussion Papers with number 12-030/1.

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Date of creation: 27 Mar 2012
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Handle: RePEc:dgr:uvatin:20120030

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Web page: http://www.tinbergen.nl

Related research

Keywords: success; satisfaction; luck; power;

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  1. Nevison, Christopher H., 1982. "Structural satisfaction in simple games," Mathematical Social Sciences, Elsevier, vol. 3(4), pages 397-401, December.
  2. MoshÊ Machover & Dan S. Felsenthal, 1997. "Ternary Voting Games," International Journal of Game Theory, Springer, vol. 26(3), pages 335-351.
  3. Federico Valenciano & Annick Laruelle & Ricardo Martínez, 2004. "Success Versus Decisiveness: Conceptual Discussion And Case Study," Working Papers. Serie AD 2004-30, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  4. Annick Laruelle & Federico Valenciano, 2005. "Assessing success and decisiveness in voting situations," Social Choice and Welfare, Springer, vol. 24(1), pages 171-197, January.
  5. Laruelle,Annick & Valenciano,Federico, 2008. "Voting and Collective Decision-Making," Cambridge Books, Cambridge University Press, number 9780521873871.
  6. Dan S. Felsenthal & Moshé Machover, 2002. "Models and Reality: the Curios Case of the Absent Abstention," Homo Oeconomicus, Institute of SocioEconomics, vol. 19, pages 297-310.
  7. René van den Brink & Frank Steffen, 2008. "Axiomatizations of a Positional Power Score and Measure for Hierarchies," Tinbergen Institute Discussion Papers 08-115/1, Tinbergen Institute.
  8. Madeleine O. Hosli & Moshé Machover, 2004. "The Nice Treaty and Voting Rules in the Council: A Reply to Moberg (2002)," Journal of Common Market Studies, Wiley Blackwell, vol. 42(3), pages 497-521, 09.
  9. Roemer, John E, 1986. "Equality of Resources Implies Equality of Welfare," The Quarterly Journal of Economics, MIT Press, vol. 101(4), pages 751-84, November.
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Cited by:
  1. René Van Den Brink & Agnieszka Rusinowska & Frank Steffen, 2011. "Measuring Power and Satisfaction in Societies with Opinion Leaders : An Axiomatization," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00587726, HAL.
  2. repec:hal:cesptp:hal-00756720 is not listed on IDEAS

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