加载中…
We study the design of voting mechanisms in a binary social choice environment where agents’ cardinal valuations are independent but not necessarily identically distributed. The mechanism must be anonymous – the outcome is invariant to permutations of the reported values. We show that if there are two agents then expected welfare is always maximized by an ordinal majority rule, but with three or more agents there are environments in which cardinal mechanisms that take into account preference intensities outperform any ordinal mechanism.

生成讲解博客的中文版本

生成AI智能校验的中文版本