TY - JOUR
T1 - A natural adaptive process for collective decision-making
AU - Brandl, Florian
AU - Brandt, Felix
N1 - Publisher Copyright:
Copyright © 2024 The Authors.
PY - 2024/5
Y1 - 2024/5
N2 - Consider an urn filled with balls, each labeled with one of several possible collective decisions. Now let a random voter draw two balls from the urn and pick her more preferred as the collective decision. Relabel the losing ball with the collective decision, put both balls back into the urn, and repeat. Once in a while, relabel a randomly drawn ball with a random collective decision. We prove that the empirical distribution of collective decisions produced by this process approximates a maximal lottery, a celebrated probabilistic voting rule proposed by Peter C. Fishburn. In fact, the probability that the collective decision in round n is made according to a maximal lottery increases exponentially in n. The proposed procedure is more flexible than traditional voting rules and bears strong similarities to natural processes studied in biology, physics, and chemistry as well as algorithms proposed in machine learning.
AB - Consider an urn filled with balls, each labeled with one of several possible collective decisions. Now let a random voter draw two balls from the urn and pick her more preferred as the collective decision. Relabel the losing ball with the collective decision, put both balls back into the urn, and repeat. Once in a while, relabel a randomly drawn ball with a random collective decision. We prove that the empirical distribution of collective decisions produced by this process approximates a maximal lottery, a celebrated probabilistic voting rule proposed by Peter C. Fishburn. In fact, the probability that the collective decision in round n is made according to a maximal lottery increases exponentially in n. The proposed procedure is more flexible than traditional voting rules and bears strong similarities to natural processes studied in biology, physics, and chemistry as well as algorithms proposed in machine learning.
KW - C73
KW - D70
KW - Markov processes
KW - Probabilistic social choice
KW - equilibrium learning
KW - evolutionary game theory
KW - maximal lotteries
UR - http://www.scopus.com/inward/record.url?scp=85193604073&partnerID=8YFLogxK
U2 - 10.3982/TE5380
DO - 10.3982/TE5380
M3 - Article
AN - SCOPUS:85193604073
SN - 1933-6837
VL - 19
SP - 667
EP - 703
JO - Theoretical Economics
JF - Theoretical Economics
IS - 2
ER -