5,589 research outputs found

    Voting rules as statistical estimators

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    We adopt an `epistemic' interpretation of social decisions: there is an objectively correct choice, each voter receives a `noisy signal' of the correct choice, and the social objective is to aggregate these signals to make the best possible guess about the correct choice. One epistemic method is to fix a probability model and compute the maximum likelihood estimator (MLE), maximum a posteriori estimator (MAP) or expected utility maximizer (EUM), given the data provided by the voters. We first show that an abstract voting rule can be interpreted as MLE or MAP if and only if it is a scoring rule. We then specialize to the case of distance-based voting rules, in particular, the use of the median rule in judgement aggregation. Finally, we show how several common `quasiutilitarian' voting rules can be interpreted as EUM.voting; maximum likelihood estimator; maximum a priori estimator; expected utility maximizer; statistics; epistemic democracy; Condorcet jury theorem; scoring rule

    Understanding Interactions in Social Networks and Committees

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    While much of the literature on cross section dependence has fo?cused mainly on estimation of the regression coefficients in the under?lying model, estimation and inferences on the magnitude and strength of spill-overs and interactions has been largely ignored. At the same time, such inferences are important in many applications, not least because they have structural interpretations and provide useful inter?pretation and structural explanation for the strength of any interac?tions. In this paper we propose GMM methods designed to uncover underlying (hidden) interactions in social networks and committees. Special attention is paid to the interval censored regression model. Our methods are applied to a study of committee decision making within the Bank of EnglandƂĀ”ƂĀÆs monetary policy committee.Committee Decision Making, Social Networks, Cross Section and Spatial Interaction, Generalised Method of Moments, Censored Regression Model, Expectation-Maximisation Algorithm, Monetary Policy, Interest Rates.

    Analysis of Municipal Election Outcomes in Romania

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    In Romania, the 2008 local elections were held based on a new electoral law. The main changes concerned the election of chairpersons of county councils by uninominal voting, shifting of the general and presidential elections and the introduction of a uninominal voting system for parliamentary elections, with a correction of the total number of seats according to the total number of votes obtained by each party on national level. Voting behavior in local elections on 1st June 2008 was primarily determined by political reasons (loyal voters) and was influenced by the effect of the local leaders and the noise produced by ethnic vote. For all parties, prominent leaders drew votes. Inertia in voting behavior (electorateā€™s fidelity) influenced all partiesā€™ results and the ethnic behavior had a strong effect on nationalist parties. At regional level, the electoral impact of economic variables was marginal.
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