The Probability of Condorcet Cycles and Super-Majority Rules
Abstract
Majority voting aggregates individual preference profiles into a binary relation on the set of alternatives. Condorcet cycles are cycles of the aggregated binary relation. We show that the relative volume of the subset of the (n!−1)-simplex that represents profile distributions such that the aggregated preferences display Condorcet cycles is a decreasing function of the super majority levelτbounded by the expressionThis expression shows that Condorcet cycles become rare events for super majority rules larger than 53%.
Domains
Economics and Finance
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1997-balasko-cres-the-probability-of-condorcet-cycles-and-super-majority-rules.pdf (333.23 Ko)
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