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612-822-4611
Collective Preference and Choice

Collective Preference and Choice

Paperback

Economics

ISBN10: 0521722136
ISBN13: 9780521722131
Publisher: Cambridge University Press
Published: Dec 10 2009
Pages: 274
Weight: 0.95
Height: 0.50 Width: 5.90 Depth: 8.80
Language: English
Collective decision-making is a familiar feature of our social, political, and economic lives. It ranges from the relatively trivial (e.g. the choice of the next family car) to the globally significant (e.g. whether or not a country should go to war). Yet, whether trivial or globally significant, such decisions involve a number of challenging problems. These problems arise in the standard social choice setting, where individuals differ in their preferences. They also arise in the standard decision-making setting, where individuals share the same preferences, but differ in their decisional capabilities. The distinctive feature of Collective Preference and Choice is that it looks at classical aggregation problems that arise in three closely related areas: social choice theory, voting theory, and group decision-making under uncertainty. Using a series of exercises and examples, the book explains these problems with reference to a number of important contributions to the study of collective decision-making.

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Economics