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The evolution of collective choice under majority rules.
- Source :
-
Journal of Economic Behavior & Organization . Sep2024, Vol. 225, p290-304. 15p. - Publication Year :
- 2024
-
Abstract
- A collective choice (or opinion) supported by a majority of individuals is challenged recurrently by a new one in a society. We consider a long-run evolution of collective choice under majority rules by stochastic evolutionary game theory. The Condorcet winner is uniquely a long-run equilibrium for all (super-)majority rules. When the Condorcet winner does not exist, the long-run equilibria under all majority rules belong to the top cycle set. In a multidimensional choice problem where the top cycle set tends to become the whole policy space, a long-run equilibrium belongs to the min–max policy set if the core is non-empty. We show that stochastic evolutionary game theory can mitigate the indeterminacy problem in social choice. [ABSTRACT FROM AUTHOR]
- Subjects :
- *SOCIAL choice
*GAME theory
*SOCIAL problems
*VOTING
*EQUILIBRIUM
Subjects
Details
- Language :
- English
- ISSN :
- 01672681
- Volume :
- 225
- Database :
- Academic Search Index
- Journal :
- Journal of Economic Behavior & Organization
- Publication Type :
- Academic Journal
- Accession number :
- 179261274
- Full Text :
- https://doi.org/10.1016/j.jebo.2024.06.039