Skip to main content Accessibility help
×
Hostname: page-component-77c89778f8-rkxrd Total loading time: 0 Render date: 2024-07-18T01:35:44.044Z Has data issue: false hasContentIssue false

10 - Do individuals reveal their true preferences?

Published online by Cambridge University Press:  05 June 2012

Shmuel Nitzan
Affiliation:
Bar-Ilan University, Israel
Get access

Summary

Given a set of alternatives, a collective choice rule (function) assigns a subset of alternatives to any given preference profile; the alternative or alternatives that are chosen. Until now we have assumed that the preference profiles of individuals represent their true preferences. This assumption implies that when collective choice rules are applied, individuals who participate in the choice reveal their true preferences. This chapter focuses on the question of whether it is possible to expect true revelation of preferences. In other words, is using the collective choice function an effective way to evoke a sincere report of preferences from the individuals participating in the collective choice? This question is interesting because it raises an additional aspect of collective choice that we have not yet addressed, namely, the strategic or game theoretic aspect. It is possible to consider the collective choice as a strategic game in which a player's set of strategies consists of all possible preference relations. One of the possible strategies of each player is the choice of his true preferences. Therefore, given collective choice rules that determine players' payoff functions, the question is whether the true preference profile is an equilibrium in the collective choice game.

Below we will clarify with the help of examples why the rule of simple majority + chairman, the sequential majority rule, and Borda's rule do not necessarily result in true revelation of preferences.

Type
Chapter
Information
Publisher: Cambridge University Press
Print publication year: 2009

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×