Ebook: Behavioral social choice : probabilistic models, statistical inference, and applications

In this volume, while looking at the probabilistic foundations of collective decision-making rules, the authors challenge much of the existing theoretical wisdom about social choice processes, and seek to restore faith in the possibility of democratic decision making. In particular, they argue that worries about the supposed prevalence of majority rule cycles that would preclude groups from reaching a final decision about what alternative they prefer have been greatly overstated. In practice, majority rule can be expected to work well in most real-world settings. They provide new insights into how alternative model specifications can change our estimates of social orderings.