AbstractThis article explains why the traditional model of the theory of social choice misrepresents reality, it cannot lead to acceptable methods of ranking and electing in any case, and a more realistic model leads inevitably to one method of ranking and electing—majority judgment—that best meets the traditional criteria of what constitutes a good method.
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Date of creation: 18 Nov 2010
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Arrow's paradox ; Condorcet's paradox ; Majority judgment ; Skating ; Social choice ; Strategic manipulation ; Voting;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-11-27 (All new papers)
- NEP-CDM-2010-11-27 (Collective Decision-Making)
- NEP-HPE-2010-11-27 (History & Philosophy of Economics)
- NEP-POL-2010-11-27 (Positive Political Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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1796, Stanford University, Graduate School of Business.
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- Balinski, Michel & Jennings, Andrew & Laraki, Rida, 2009. "Monotonic incompatibility between electing and ranking," Economics Letters, Elsevier, vol. 105(2), pages 145-147, November.
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