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We all have preferences when multiple choices are available. If we insist on satisfying our preferences only, we may suffer a loss due to conflicts with other people's identical selections. Such a case applies when the choice cannot be…

Theoretical Economics · Economics 2023-02-21 Hiroaki Shinkawa , Nicolas Chauvet , Guillaume Bachelier , André Röhm , Ryoichi Horisaki , Makoto Naruse

We provide a formal framework accounting for a widespread idea in the theory of economic design: analytically established incompatibilities between given axioms should be qualified by the likelihood of their violation. We define the degree…

Theoretical Economics · Economics 2025-02-20 Pierre Bardier

Participatory budgeting is one of the exciting developments in deliberative grassroots democracy. We concentrate on approval elections and propose proportional representation axioms in participatory budgeting, by generalizing relevant…

Computer Science and Game Theory · Computer Science 2017-11-23 Haris Aziz , Barton Lee , Nimrod Talmon

The top word list, i.e., the top-M words with highest marginal probability in a given topic, is the standard topic representation in topic models. Most of recent automatical topic labeling algorithms and popular topic quality metrics are…

Information Retrieval · Computer Science 2018-10-25 Jinjin Chi , Jihong Ouyang , Changchun Li , Xueyang Dong , Ximing Li , Xinhua Wang

The determination of acceptability prices of contingent claims requires the choice of a stochastic model for the underlying asset price dynamics. Given this model, optimal bid and ask prices can be found by stochastic optimization. However,…

Pricing of Securities · Quantitative Finance 2019-01-31 Martin Glanzer , Georg Ch. Pflug , Alois Pichler

We study the dynamics of public opinion in a model in which agents change their opinions as a result of random binary encounters if the opinion difference is below their individual thresholds that evolve over time. We ground these…

Physics and Society · Physics 2007-12-10 Gani Aldashev , Timoteo Carletti

A ranking is an ordered sequence of items, in which an item with higher ranking score is more preferred than the items with lower ranking scores. In many information systems, rankings are widely used to represent the preferences over a set…

Artificial Intelligence · Computer Science 2017-09-22 Zhiwei Lin , Yi Li , Xiaolian Guo

We consider the problem of choosing the best of $n$ samples, out of a large random pool, when the sampling of each member is associated with a certain cost. The quality (worth) of the best sample clearly increases with $n$, but so do the…

Statistics Theory · Mathematics 2015-06-16 Joseph D. Skufca , Daniel ben-Avraham

In the context of single-winner ranked-choice elections between $m$ candidates, we explore the tradeoff between two competing goals in every democratic system: the majority principle (maximizing the social welfare) and the minority…

Computer Science and Game Theory · Computer Science 2025-07-25 Fatih Erdem Kizilkaya , David Kempe

The Condorcet Jury Theorem or the Miracle of Aggregation are frequently invoked to ensure the competence of some aggregate decision-making processes. In this article we explore an estimation of the prior probability of the thesis predicted…

Theoretical Economics · Economics 2022-06-22 Álvaro Romaniega

Multi-winner approval elections are seen in a variety of settings ranging from academic societies and associations to public elections. In such elections, it is often the case that ballot-length restrictions are enforced; that is, where…

Computer Science and Game Theory · Computer Science 2017-11-15 Barton E. Lee

Mutual coherence is a measure of similarity between two opinions. Although the notion comes from philosophy, it is essential for a wide range of technologies, e.g., the Wahl-O-Mat system. In Germany, this system helps voters to find…

Artificial Intelligence · Computer Science 2023-07-06 Gregor Betz , Vera Chekan , Tamara Mchedlidze

Mechanism design is concerned with settings where a policymaker (or social planner) faces the problem of aggregating the announced preferences of multiple agents into a collective (or social), system-wide decision. One of the most important…

Multiagent Systems · Computer Science 2020-03-02 Mohammad Ali Javidian , Pooyan Jamshidi , Marco Valtorta , Rasoul Ramezanian

Many major works in social science employ matching to make causal conclusions, but different matches on the same data may produce different treatment effect estimates, even when they achieve similar balance or minimize the same loss…

Applications · Statistics 2023-03-23 Marco Morucci , Cynthia Rudin

We study the problem of finding a small subset of items that is \emph{agreeable} to all agents, meaning that all agents value the subset at least as much as its complement. Previous work has shown worst-case bounds, over all instances with…

Computer Science and Game Theory · Computer Science 2019-02-06 Pasin Manurangsi , Warut Suksompong

Pairwise comparisons are an important tool of modern (multiple criteria) decision making. Since human judgments are often inconsistent, many studies focused on the ways how to express and measure this inconsistency, and several…

Artificial Intelligence · Computer Science 2017-05-01 Jiri Mazurek

We present the first nearly-optimal bounds on the consensus time for the well-known synchronous consensus dynamics, specifically 3-Majority and 2-Choices, for an arbitrary number of opinions. In synchronous consensus dynamics, we consider…

Distributed, Parallel, and Cluster Computing · Computer Science 2025-03-05 Nobutaka Shimizu , Takeharu Shiraga

The goal of this paper is twofold. First and foremost, we aim to experimentally and quantitatively show that the choice of a multiwinner voting rule can play a crucial role on the way minorities are represented. We also test the possibility…

Computer Science and Game Theory · Computer Science 2016-04-11 Piotr Faliszewski , Jean-Francois Laslier , Robert Schaefer , Piotr Skowron , Arkadii Slinko , Nimrod Talmon

We study approval-based committee voting in which a target number of candidates are selected based on voters' approval preferences over candidates. In contrast to most of the work, we consider the setting where voters express uncertain…

Computer Science and Game Theory · Computer Science 2024-07-30 Hariz Aziz , Venkateswara Rao Kagita , Baharak Rastegari , Mashbat Suzuki

When selecting multiple candidates based on approval preferences of agents, the proportional representation of agents' opinions is an important and well-studied desideratum. Existing criteria for evaluating the representativeness of…

Computer Science and Game Theory · Computer Science 2024-10-02 Markus Brill , Jonas Israel , Evi Micha , Jannik Peters