6: Social Choice: Spacial Models Flashcards
When considering single peaked preferences, what can be said about the middle option
Footnote
1D policy space
It can not be worst of three
Blacks Median voter theorem
Footnote
1D policy space
If all voters have single peaked preferences, the ideal point of the median voter is a condorcet winner
Blacks single peakedness theorem
Footnote
1D policy space
if all voters have single peaked preferences, pairwise majority voting gives rational preferences
What can be said for three voters majority voting in two dimensions?
For any point, there exists another point prefered by at least 2 voters
Theorem by McKalvey
Footnote
SPP in min 2D
a condorcet winner exists only for very certain ideal points
Consequence of the theorem by McKalvey
Footnote
SSP in min 2D
Movement from any point to any other point is possible by a sequence of pairwise majority votes
How do I use the Lagrange-Method for maximizig f(x) under the constraint g(x)
g(x) is the constraint solved for 0
L= f(x)+\lambda*g(x)
L nach x und \lambda ableiten
Gleichungssytem lösen (erst nach \lambda)