Ordinally Bayesian incentive-compatible voting schemes
We study strategic voting after weakening the notion of strategy-proofness to Ordinal Bayesian Incentive Compatibility (OBIC). Under OBIC, truthelling is required to maximize the expected utility being computed with respect to the voter's prior beliefs and under the assumption that everybody else is also telling the truth. We show that for a special type of priors i.e., the uniform priors there exists a large class of social choice functions that are OBIC. However, for priors which are generic in the set of independent beliefs a social choice function is OBIC only if it is dictatorial. This result underlines the robustness of the Gibbard-Satterthwaite Theorem.
|Date of creation:||Feb 2003|
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- Harsanyi, John C, 1995.
"Games with Incomplete Information,"
American Economic Review,
American Economic Association, vol. 85(3), pages 291-303, June.
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