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  2. Calculus of voting - Wikipedia

    en.wikipedia.org/wiki/Calculus_of_voting

    A political science model based on rational choice used to explain why citizens do or do not vote. The alternative equation is V = pB + D > C. Where for voting to occur the (P)robability the vote will matter "times" the (B)enefit of one candidate winning over another combined with the feeling of civic (D)uty, must be greater than the (C)ost of ...

  3. Rational choice model - Wikipedia

    en.wikipedia.org/wiki/Rational_choice_model

    The rational choice model, also called rational choice theory refers to a set of guidelines that help understand economic and social behaviour. [1] The theory originated in the eighteenth century and can be traced back to the political economist and philosopher Adam Smith . [ 2 ]

  4. Duverger's law - Wikipedia

    en.wikipedia.org/wiki/Duverger's_law

    A two-party system is most common under plurality voting.Voters typically cast one vote per race. Maurice Duverger argued there were two main mechanisms by which plurality voting systems lead to fewer major parties: (i) small parties are disincentivized to form because they have great difficulty winning seats or representation, and (ii) voters are wary of voting for a smaller party whose ...

  5. Social choice theory - Wikipedia

    en.wikipedia.org/wiki/Social_choice_theory

    A social choice function, sometimes called a voting system in the context of politics, is a rule that takes an individual's complete and transitive preferences over a set of outcomes and returns a single chosen outcome (or a set of tied outcomes). We can think of this subset as the winners of an election, and compare different social choice ...

  6. The Calculus of Consent - Wikipedia

    en.wikipedia.org/wiki/The_Calculus_of_Consent

    The authors analyze the traditional political science approach to voting systems, including majority voting as the standard as opposed to the unanimity rule. They show that none of those systems is perfect, since there is always a tradeoff: a simple majority-based system imposes varying amounts of both external costs and decision-making costs

  7. Decision theory - Wikipedia

    en.wikipedia.org/wiki/Decision_theory

    The mythological judgement of Paris required selecting from three incomparable alternatives (the goddesses shown).. Decision theory or the theory of rational choice is a branch of probability, economics, and analytic philosophy that uses the tools of expected utility and probability to model how individuals would behave rationally under uncertainty.

  8. Public choice - Wikipedia

    en.wikipedia.org/wiki/Public_choice

    For example, from the viewpoint of rational choice theory, the expected gains of voting depend on (1) the benefit to the voter if their candidate wins and (2) the probability that one's vote will determine the election's outcome. [38] Even in a tight election the probability that one's vote decides the outcome is estimated at effectively zero. [40]

  9. Arrow's impossibility theorem - Wikipedia

    en.wikipedia.org/wiki/Arrow's_impossibility_theorem

    In other words, the system must always make some choice, and cannot simply "give up" when the voters have unusual opinions. Without this assumption, majority rule satisfies Arrow's axioms by "giving up" whenever there is a Condorcet cycle. [9] Non-dictatorship — the system does not depend on only one voter's ballot. [3]