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Individual Vs Aggregate Preferences
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Author :Andranick S. Tanguiane Publisher :Springer Science & Business Media ISBN 13 :3642765165 Total Pages :335 pages Book Rating :4.6/5 (427 download)
Book Synopsis Aggregation and Representation of Preferences by : Andranick S. Tanguiane
Download or read book Aggregation and Representation of Preferences written by Andranick S. Tanguiane and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: Aggregation is the conjunction of information, aimed at its compact represen tation. Any time when the totality of data is described in terms of general ized indicators, conventional counts, typical representatives and characteristic dependences, one directly or indirectly deals with aggregation. It includes revealing the most significant characteristics and distinctive features, quanti tative and qualitative analysis. As a result, the information becomes adaptable for further processing and convenient for human perception. Aggregation is widely used in economics, statistics, management, planning, system analysis, and many other fields. That is why aggregation is so important in data pro cessing. Aggregation of preferences is a particular case of the general problem of ag gregation. It arises in multicriteria decision-making and collective choice, when a set of alternatives has to be ordered with respect to contradicting criteria, or various individual opinions. However, in spite of apparent similarity the problems of multicriteria decision-making and collective choice are somewhat different. Indeed, an improvement in some specifications at the cost of worsen ing others is not the same as the satisfaction of interests of some individuals to the prejudice of the rest. In the former case the reciprocal compensations are considered within a certain entirety; in the latter we infringe upon the rights of independent individuals. Moreover, in multicriteria decision-making one usu ally takes into account objective factors, whereas in collective choice one has to compare subjective opinions which cannot be measured properly.
Book Synopsis Preference, Belief, and Similarity by : Amos Tversky
Download or read book Preference, Belief, and Similarity written by Amos Tversky and published by MIT Press. This book was released on 2003-11-21 with total page 1046 pages. Available in PDF, EPUB and Kindle. Book excerpt: Amos Tversky (1937–1996), a towering figure in cognitive and mathematical psychology, devoted his professional life to the study of similarity, judgment, and decision making. He had a unique ability to master the technicalities of normative ideals and then to intuit and demonstrate experimentally their systematic violation due to the vagaries and consequences of human information processing. He created new areas of study and helped transform disciplines as varied as economics, law, medicine, political science, philosophy, and statistics. This book collects forty of Tversky's articles, selected by him in collaboration with the editor during the last months of Tversky's life. It is divided into three sections: Similarity, Judgment, and Preferences. The Preferences section is subdivided into Probabilistic Models of Choice, Choice under Risk and Uncertainty, and Contingent Preferences. Included are several articles written with his frequent collaborator, Nobel Prize-winning economist Daniel Kahneman.
Book Synopsis Choosing for Changing Selves by : Richard Pettigrew
Download or read book Choosing for Changing Selves written by Richard Pettigrew and published by Oxford University Press. This book was released on 2019-12-12 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: What we value, like, endorse, want, and prefer changes over the course of our lives, sometimes as a result of decisions we make—such as when we choose to become a parent or move to a new country—and sometimes as a result of forces beyond our control—such as when our political views change as we grow older. This poses a problem for any theory of how we ought to make decisions. Which values and preferences should we appeal to when we are making our decisions? Our current values? Our past ones? Our future ones? Or some amalgamation of all them? But if that, which amalgamation? In Choosing for Changing Selves, Richard Pettigrew presents a theory of rational decision making for agents who recognise that their values will change over time and whose decisions will affect those future times.
Download or read book Sustainability written by David Mollica and published by Taylor & Francis. This book was released on 2017-03-02 with total page 631 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sustainability is one of the key concepts underlying our thinking about corporate responsibilities, particularly with respect to the environment and inter-generational justice, but also in relation to corporate governance and the long-term economic viability. The advantages of the discourse of Sustainability are that it brings together contemporary economic and moral imperatives in the context of scientific knowledge. Its disadvantages relate to its open-ended content, its systematic ambiguity, and the internal tensions between economic growth, human survival and global justice. The essays in this volume reflect these strengths and weaknesses from a variety of viewpoints - economic, scientific, social and philosophical. They illustrate and illuminate the varied and contested content and utility of this currently popular concept and point to its multiple implications for the development of corporate responsibilities.
Book Synopsis The Foundations of Economic Policy by : Nicola Acocella
Download or read book The Foundations of Economic Policy written by Nicola Acocella and published by Cambridge University Press. This book was released on 1998-10 with total page 546 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent developments in public economics have largely been in the direction of reaffirming the limits of the market and of establishing new ones. The possible existence of fundamental non-convexities, imperfect and asymmetric information, incentive compatibility, imperfect competition, strategic complementarity, and scale economies led to the conclusion that a large set of market failures exist; such situations also imply government failure. Acocella, considers this complicated picture and provides a discussion of the different approaches to establishing social 'rankings' of the possible situations and the underlying principles. The arguments for and against different institutions are then analysed at a micro and macroeconomic level. The market and the government are recognised as imperfect, and thus complementary, institutions. Specific policy targets and instruments are considered in the areas of micro and macro-economic policy. Special attention is devoted to questions of policy management in an open economy. Finally, problems of domestic and international policy co-ordination are considered.
Book Synopsis The Oxford Handbook of Deliberative Democracy by : André Bächtiger
Download or read book The Oxford Handbook of Deliberative Democracy written by André Bächtiger and published by Oxford University Press. This book was released on 2018-08-23 with total page 1054 pages. Available in PDF, EPUB and Kindle. Book excerpt: Deliberative democracy has been one of the main games in contemporary political theory for two decades, growing enormously in size and importance in political science and many other disciplines. The Oxford Handbook of Deliberative Democracy takes stock of deliberative democracy as a research field, in philosophy, in various research programmes in the social sciences and law, and in political practice around the globe. It provides a concise history of deliberative ideals in political thought and discusses their philosophical origins. The Handbook locates deliberation in political systems with different spaces, publics, and venues, including parliaments, courts, governance networks, protests, mini-publics, old and new media, and everyday talk. It engages with practical applications, mapping deliberation as a reform movement and as a device for conflict resolution, documenting the practice and study of deliberative democracy around the world and in global governance.
Book Synopsis Affluence and Influence by : Martin Gilens
Download or read book Affluence and Influence written by Martin Gilens and published by Princeton University Press. This book was released on 2012-07-22 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why policymaking in the United States privileges the rich over the poor Can a country be a democracy if its government only responds to the preferences of the rich? In an ideal democracy, all citizens should have equal influence on government policy—but as this book demonstrates, America's policymakers respond almost exclusively to the preferences of the economically advantaged. Affluence and Influence definitively explores how political inequality in the United States has evolved over the last several decades and how this growing disparity has been shaped by interest groups, parties, and elections. With sharp analysis and an impressive range of data, Martin Gilens looks at thousands of proposed policy changes, and the degree of support for each among poor, middle-class, and affluent Americans. His findings are staggering: when preferences of low- or middle-income Americans diverge from those of the affluent, there is virtually no relationship between policy outcomes and the desires of less advantaged groups. In contrast, affluent Americans' preferences exhibit a substantial relationship with policy outcomes whether their preferences are shared by lower-income groups or not. Gilens shows that representational inequality is spread widely across different policy domains and time periods. Yet Gilens also shows that under specific circumstances the preferences of the middle class and, to a lesser extent, the poor, do seem to matter. In particular, impending elections—especially presidential elections—and an even partisan division in Congress mitigate representational inequality and boost responsiveness to the preferences of the broader public. At a time when economic and political inequality in the United States only continues to rise, Affluence and Influence raises important questions about whether American democracy is truly responding to the needs of all its citizens.
Book Synopsis Recapturing Democracy by : Mark Purcell
Download or read book Recapturing Democracy written by Mark Purcell and published by Routledge. This book was released on 2008-03-25 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recapturing Democracy is a short yet synoptic introduction to urban democracy in our era of political neoliberalism and economic globalization. Combining an original argument with a number of case studies, Mark Purcell explores the condition of democracy in contemporary Western cities. Whereas many scholars focus on what Purcell calls "procedural democracy" – i.e., electoral politics and access to it – he instead assesses "substantive democracy." By this he means the people’s ability to have some say over issues of social justice, material well being, and economic equality. Neoliberalism, which advocates a diminished role for the state and increasing power for mobile capital, has diminished substantive democracy in recent times, he argues. He looks at case studies where this has occurred and at others that show how neoliberalism can be resisted in the name of substantive democracy. Ultimately, he utilizes Henri Lefebvre’s notion of "the right to the city," which encompasses substantive as well as procedural democracy for ordinary urban citizens.
Book Synopsis Personal Networks by : Bernice Pescosolido
Download or read book Personal Networks written by Bernice Pescosolido and published by Cambridge University Press. This book was released on 2021-09-16 with total page 769 pages. Available in PDF, EPUB and Kindle. Book excerpt: Combines classic and cutting-edge scholarship on personal social networks. A must-have resource for both newcomers and seasoned experts.
Book Synopsis Reclaiming individualism by : Paul Spicker
Download or read book Reclaiming individualism written by Paul Spicker and published by Policy Press. This book was released on 2013 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reclaiming Individualism reviews the scope of individualist approaches to public policy, considering how they shape contemporary policy practices. It argues for a concept of individualism based on rights, human dignity, shared interests, and social protection, providing a thorough analysis and classification of individualism as applied to social and public policy. An important resource for those working or studying in these fields, it is a powerful restatement of some of the key values that led to the establishment of individualism as such a strong social force.
Book Synopsis Judgment and Decision-Making Research in Accounting and Auditing by : Robert H. Ashton
Download or read book Judgment and Decision-Making Research in Accounting and Auditing written by Robert H. Ashton and published by Cambridge University Press. This book was released on 1995-09-29 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: A timely and comprehensive study on behavioural decision-making within the field of accounting.
Book Synopsis Welfare: Aggregate consumer behavior by : Dale Weldeau Jorgenson
Download or read book Welfare: Aggregate consumer behavior written by Dale Weldeau Jorgenson and published by MIT Press. This book was released on 1997 with total page 588 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first of two volumes of Dale Jorgenson's empirical studies of consumer behaviour. It focuses on an econometric model of demand obtained by aggregating over a population of consumers with heterogeneous preferences.
Book Synopsis Fuzzy Social Choice Theory by : Michael B. Gibilisco
Download or read book Fuzzy Social Choice Theory written by Michael B. Gibilisco and published by Springer. This book was released on 2014-02-24 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a comprehensive analysis of the social choice literature and shows, by applying fuzzy sets, how the use of fuzzy preferences, rather than that of strict ones, may affect the social choice theorems. To do this, the book explores the presupposition of rationality within the fuzzy framework and shows that the two conditions for rationality, completeness and transitivity, do exist with fuzzy preferences. Specifically, this book examines: the conditions under which a maximal set exists; the Arrow’s theorem; the Gibbard-Satterthwaite theorem and the median voter theorem. After showing that a non-empty maximal set does exists for fuzzy preference relations, this book goes on to demonstrating the existence of a fuzzy aggregation rule satisfying all five Arrowian conditions, including non-dictatorship. While the Gibbard-Satterthwaite theorem only considers individual fuzzy preferences, this work shows that both individuals and groups can choose alternatives to various degrees, resulting in a social choice that can be both strategy-proof and non-dictatorial. Moreover, the median voter theorem is shown to hold under strict fuzzy preferences but not under weak fuzzy preferences. By providing a standard model of fuzzy social choice and by drawing the necessary connections between the major theorems, this book fills an important gap in the current literature and encourages future empirical research in the field.
Book Synopsis Fuzzy Sets in Decision Analysis, Operations Research and Statistics by : Roman Slowiński
Download or read book Fuzzy Sets in Decision Analysis, Operations Research and Statistics written by Roman Slowiński and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 467 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fuzzy Sets in Decision Analysis, Operations Research and Statistics includes chapters on fuzzy preference modeling, multiple criteria analysis, ranking and sorting methods, group decision-making and fuzzy game theory. It also presents optimization techniques such as fuzzy linear and non-linear programming, applications to graph problems and fuzzy combinatorial methods such as fuzzy dynamic programming. In addition, the book also accounts for advances in fuzzy data analysis, fuzzy statistics, and applications to reliability analysis. These topics are covered within four parts: Decision Making, Mathematical Programming, Statistics and Data Analysis, and Reliability, Maintenance and Replacement. The scope and content of the book has resulted from multiple interactions between the editor of the volume, the series editors, the series advisory board, and experts in each chapter area. Each chapter was written by a well-known researcher on the topic and reviewed by other experts in the area. These expert reviewers sometimes became co-authors because of the extent of their contribution to the chapter. As a result, twenty-five authors from twelve countries and four continents were involved in the creation of the 13 chapters, which enhances the international character of the project and gives an idea of how carefully the Handbook has been developed.
Book Synopsis Reclaiming The American Democratic Impulse by : Thomas E. Vass
Download or read book Reclaiming The American Democratic Impulse written by Thomas E. Vass and published by First Edition Design Pub.. This book was released on 2014-02-28 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt: In his recent book, The Liberty Amendments, Mark Levin promotes the enactment of 10 amendments to the U. S. Constitution, using the second method of amendment outlined in Article V of the Constitution of 1788. Levin offers no clues to how or why he thinks on the 1000th effort, this path of amendment would be successful.
Book Synopsis Rebooting Policy Analysis by : Peter Linquiti
Download or read book Rebooting Policy Analysis written by Peter Linquiti and published by CQ Press. This book was released on 2022-01-18 with total page 701 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rebooting Policy Analysis: Strengthening the Foundation, Expanding the Scope is a savvy introduction to policy analysis that gets students thinking, not just about how decisions should be made, but how they are made. The text highlights practical skills needed to advise decision-makers on matters of public policy in ways that are well-informed and solutions-oriented, while managing limitations like time, resources, and information. In a world that has become increasingly complex and partisan, the strength of policy analysis rests not only in its classical academic methods, but on the development of a practical, analytic mindset.
Book Synopsis A Critical Dictionary of Sociology by : Raymond Boudon
Download or read book A Critical Dictionary of Sociology written by Raymond Boudon and published by Routledge. This book was released on 2002-09-10 with total page 517 pages. Available in PDF, EPUB and Kindle. Book excerpt: Unlike most other sociology or social science dictionaries, in this translation of the Critical Dictionary of Sociology, taken from the second French edition of the Dictionary and edited by the English sociologist Peter Hamilton, the critical value of this distinctive work is at last made available for a wider audience. Each entry grapples directly with an issue, whether theoretical, epistemological, philosophical, political or empirical, and provides a strong statement of what the authors think about it. The discussions are considered but argumentative. By reaffirming that a non-marxist style of critique is still possible, Boudon and Bourricaud have presented a distinctive approach to the key issues which confront the societies of the Twentieth and Twenty-First centuries. For some this work will be a textbook, for others an indispensable sourcebook of sociological concepts, and for most a way of opening our eyes to new dimensions in our understanding of the great ideas and theories of sociology.
