z-logo
open-access-imgOpen Access
Truth-tracking judgment aggregation over interconnected issues
Author(s) -
İrem Bozbay
Publication year - 2019
Publication title -
social choice and welfare
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.504
H-Index - 52
eISSN - 1432-217X
pISSN - 0176-1714
DOI - 10.1007/s00355-019-01186-6
Subject(s) - voting , impossibility , private information retrieval , social choice theory , complete information , bayesian game , nash equilibrium , microeconomics , majority rule , arrow's impossibility theorem , state (computer science) , mathematical economics , computer science , economics , game theory , computer security , artificial intelligence , sequential game , political science , algorithm , politics , law
This paper analyzes the problem of aggregating individual judgments over two interconnected issues. Voters share a common preference which is state-dependent, but they hold private information about what the state might be. I assume strategic voting in a Bayesian voting game setting and I want to determine voting rules which induce an efficient Bayesian Nash equilibrium in truthful strategies, hence lead to collective judgments that efficiently incorporate all private information. Interconnectedness may lead to private information that is inconsistent with the state, which leads to the impossibility of efficient information aggregation. Once I introduce the possibility of abstention, the negative conclusion no longer prevails and there is always a voting rule which aggregates information efficiently. I obtain a similar positive result when I rule out the possibility of inconsistent private information. I analyze the situations in which such rules exist whenever necessary, as well as the nature of these rules.

The content you want is available to Zendy users.

Already have an account? Click here to sign in.
Having issues? You can contact us here
Accelerating Research

Address

John Eccles House
Robert Robinson Avenue,
Oxford Science Park, Oxford
OX4 4GP, United Kingdom