MODULE 5: DECISION SCIENCES Flashcards
1
Q
Social Choice Theory
A
Study of collective decision processes and procedures
2
Q
Fairness Criteria
A
Basis for what’s considered fair and reasonable
3
Q
Majority Method
A
50% of total + 1 (must reach the quota)
4
Q
Plurality Method
A
Most number of 1st place votes
5
Q
Condorcet Method
A
Head-to-Head comparison
6
Q
Borda Count
A
Give each row a point (last = 1pt, first =N pt), multiply, then add the sum of each candidate
7
Q
Instant Run Off
A
Eliminate least first place letter, then move ranks
