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Interpreting the will of the people: social preferences over ordinal outcomes

Ambühl, Sandro; Bernheim, B Douglas (2024). Interpreting the will of the people: social preferences over ordinal outcomes. Working paper series / Department of Economics 395, University of Zurich.

Abstract

We investigate the nature of social preferences when a decision maker's information is limited to group members' ordinal rankings. By studying choices made on behalf of others, we identify social choice rules that embody the normative values decision makers implicitly favor. Few people are attracted to majority or plurality rule as a normative principle. Most favor scoring rules that promote compromise. People evaluate relative sacrifice by inferring cardinal utility from ordinal ranks, but also care about ranks intrinsically. Cluster analysis reveals that our social preference classification is comprehensive. Ordinal aggregation principles are stable across domains and countries with divergent traditions.

Additional indexing

Item Type:Working Paper
Communities & Collections:03 Faculty of Economics > Department of Economics
Working Paper Series > Department of Economics
Dewey Decimal Classification:330 Economics
JEL Classification:C91, D71
Uncontrolled Keywords:Experiment, welfare economics, social choice, Borda, Condorcet
Scope:Discipline-based scholarship (basic research)
Language:English
Date:January 2024
Deposited On:21 Sep 2021 09:22
Last Modified:12 Mar 2024 14:30
Series Name:Working paper series / Department of Economics
Number of Pages:94
ISSN:1664-705X
Additional Information:Revised version ; Former title: Interpreting the will of the people: a positive analysis of ordinal preference aggregation
OA Status:Green
Other Identification Number:merlin-id:21533
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  • Language: English
  • Description: Revised version January 2024

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