Sophisticated preference aggregation (Q734046): Difference between revisions

Defining a sophisticated social preference for an option \(a\) over a different option \(b\) as the probability of choice of \(a\) in \(\{a,b\}\), restricting the domain of a social welfare function to profiles of absolute preferences, ties forbidden, and employing a hybrid transitivity condition, this paper establishes a relation from social welfare functions satisfying Pareto optimality and independence of irrelevant alternatives to oligarchies. These oligarchies, naturally including dictatorships, are determined by power distributions. The preference for \(a\) against \(b\) for the social welfare function determined by a given oligarchy is measured by the power allocated to the set of individuals who prefer \(a\) to \(b\).