Chapter 23 Voting 23.1 Voting for Group Decision-making

  title={Chapter 23 Voting 23.1 Voting for Group Decision-making},
  author={David Easley and Jon M. Kleinberg}
In the previous chapter, we saw a first example of an institution that can synthesize information held by many people, through the ways in which markets serve to aggregate the individual beliefs of investors. We now turn to a second fundamental institution: voting. Like markets, voting systems also serve to aggregate information across a group, and as a result, it's hard to draw a perfectly clear dividing line between these two kind of institutions. But there are definite distinctions between… CONTINUE READING