Econometric estimation of hidden factors in group decision making – their impacton power index estimation
Assessing the voting power of a decision maker depends on the appropriate evaluation of all factors influencing such power. Models constructed with the use of a set of given factors are usually statistically significant, but at the same time the determination coefficient is very low. An econometric technique is proposed, which increases the determination coefficient of such a model and consequently improves the estimation of voting power using a power index. Such an approach enables us to investigate the nature of hidden factors by considering their effects and variation in the model. An example and algorithm for improving the econometric model are also presented.
Volume (Year): 3-4 (2007)
Issue (Month): ()
|Contact details of provider:|| Web page: http://www.ioz.pwr.wroc.pl/|
More information through EDIRC
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.:
- Bilbao, J. M., 1998. "Axioms for the Shapley value on convex geometries," European Journal of Operational Research, Elsevier, vol. 110(2), pages 368-376, October.
- František Turnovec, 2007.
"New Measure of Voting Power,"
Czech Economic Review,
Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, vol. 1(1), pages 04-14, March.
- František Turnovec, 2005. "New Measure of Voting Power," Working Papers IES 69, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised 2005.
- Mariusz Mazurkiewicz & Jacek Mercik, 2005. "Modified Shapley – Shubik power index for parliamentary coalitions," Operations Research and Decisions, Wroclaw University of Technology, Institute of Organization and Management, vol. 2, pages 43-52.
- Dan S. Felsenthal & Moshé Machover, 2004. "A Priori Voting Power: What Is It All About?," Political Studies Review, Political Studies Association, vol. 2(1), pages 1-23. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:wut:journl:v:3-4:y:2007:p:121-131. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Piotr Wawrzynowski)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.