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Acyclic Probabilistic Social Decision Functions
Author(s) -
Treglia Michael
Publication year - 1999
Publication title -
bulletin of economic research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.227
H-Index - 29
eISSN - 1467-8586
pISSN - 0307-3378
DOI - 10.1111/1467-8586.00077
Subject(s) - veto , probabilistic logic , equity (law) , mathematical economics , preference relation , preference , relation (database) , social choice theory , economics , microeconomics , mathematics , econometrics , computer science , positive economics , artificial intelligence , political science , data mining , politics , law
Social decision functions that incorporate elements of chance are often employed when equity considerations are of importance. The papers main result shows that in this extended framework acyclicity of the social preference relation implies the existence of at least one individual who has the ability to randomly veto a critical number of pairs of alternatives.