Back to Search Start Over

The evolution of collective choice under majority rules.

Authors :
Okada, Akira
Sawa, Ryoji
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]

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