%0 Generic %1 airiau2023condorcet %A Airiau, Stéphane %A Dupuis, Nicholas Kees %A Grossi, Davide %D 2023 %K marketing phd %T Condorcet Markets %U http://arxiv.org/abs/2306.05028 %X The paper studies information markets about single events from an epistemic social choice perspective. Within the classical Condorcet error model for collective binary decisions, we establish equivalence results between elections and markets, showing that the alternative that would be selected by weighed majority voting (under specific weighting schemes) corresponds to the alternative with highest price in the equilibrium of the market (under specific assumptions on the market type). This makes it possible to implement specific weighted majority elections, which are known to have superior truth-tracking performance, through information markets and, crucially, without needing to elicit voters' competences.

@misc{airiau2023condorcet, abstract = {The paper studies information markets about single events from an epistemic social choice perspective. Within the classical Condorcet error model for collective binary decisions, we establish equivalence results between elections and markets, showing that the alternative that would be selected by weighed majority voting (under specific weighting schemes) corresponds to the alternative with highest price in the equilibrium of the market (under specific assumptions on the market type). This makes it possible to implement specific weighted majority elections, which are known to have superior truth-tracking performance, through information markets and, crucially, without needing to elicit voters' competences.}, added-at = {2023-06-11T21:27:17.000+0200}, author = {Airiau, Stéphane and Dupuis, Nicholas Kees and Grossi, Davide}, biburl = {https://www.bibsonomy.org/bibtex/2ea7882dd2c299bd31a1e9f082c27f21f/yassinegh}, interhash = {089a6d62995719fd7ad9fbb17bc92a80}, intrahash = {ea7882dd2c299bd31a1e9f082c27f21f}, keywords = {marketing phd}, note = {cite arxiv:2306.05028}, timestamp = {2023-06-11T21:27:17.000+0200}, title = {Condorcet Markets}, url = {http://arxiv.org/abs/2306.05028}, year = 2023 }