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Local Independence Of Irrelevant Alternatives
The independence of irrelevant alternatives (IIA), also known as binary independence or the independence axiom, is an axiom of decision theory and various social sciences. The term is used in different connotation in several contexts. Although it always attempts to provide an account of rational individual behavior or aggregation of individual preferences, the exact formulation differs widely in both language and exact content. Perhaps the easiest way to understand the axiom is how it pertains to casting a ballot. There the axiom says that if Charlie (the irrelevant alternative) enters a race between Alice and Bob, with Alice (leader) liked better than Bob (runner-up), then the individual voter who likes Charlie less than Alice will not switch his vote from Alice to Bob. Because of this, a violation of IIA is commonly referred to as the "spoiler effect": support for Charlie "spoils" the election for Alice, while it "logically" should not have. After all, Alice ''was'' liked better t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Axiom
An axiom, postulate, or assumption is a statement that is taken to be true, to serve as a premise or starting point for further reasoning and arguments. The word comes from the Ancient Greek word (), meaning 'that which is thought worthy or fit' or 'that which commends itself as evident'. The term has subtle differences in definition when used in the context of different fields of study. As defined in classic philosophy, an axiom is a statement that is so evident or well-established, that it is accepted without controversy or question. As used in modern logic, an axiom is a premise or starting point for reasoning. As used in mathematics, the term ''axiom'' is used in two related but distinguishable senses: "logical axioms" and "non-logical axioms". Logical axioms are usually statements that are taken to be true within the system of logic they define and are often shown in symbolic form (e.g., (''A'' and ''B'') implies ''A''), while non-logical axioms (e.g., ) are actually ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Microeconomics
Microeconomics is a branch of mainstream economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms. Microeconomics focuses on the study of individual markets, sectors, or industries as opposed to the national economy as whole, which is studied in macroeconomics. One goal of microeconomics is to analyze the market mechanisms that establish relative prices among goods and services and allocate limited resources among alternative uses. Microeconomics shows conditions under which free markets lead to desirable allocations. It also analyzes market failure, where markets fail to produce efficient results. While microeconomics focuses on firms and individuals, macroeconomics focuses on the sum total of economic activity, dealing with the issues of growth, inflation, and unemployment and with national policies relating to these issues. Microeconomics also deal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Range Voting
Score voting or range voting is an electoral system for single-seat elections, in which voters give each candidate a score, the scores are added (or averaged), and the candidate with the highest total is elected. It has been described by various other names including evaluative voting, utilitarian voting, interval measure voting, the point system, ratings summation, 0-99 voting, average voting and utility voting. It is a type of cardinal voting electoral system, and aims to implement the utilitarian social choice rule. Score voting should be distinguished from positional voting systems, such as the Borda count: in score voting, each voter is free to give any score to any candidate; in positional voting, the score that each voter gives to each candidate is uniquely determined by the candidate's rank in the voter's ballot. Usage Political use Combined approval voting, a 3-rank form of score voting, is used to determine which candidates represent the parties in Latvia's Saei ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Approval Voting
Approval voting is an electoral system in which voters can select many candidates instead of selecting only one candidate. Description Approval voting ballots show a list of the options of candidates running. Approval voting lets each voter indicate support for one or more candidates. Final tallies show how many votes each candidate received, and the winner is the candidate with the most support. Effect on elections Approval voting advocates Steven Brams and Dudley R. Herschbach predict that approval voting should increase voter participation, prevent minor-party candidates from being spoilers, and reduce negative campaigning. FairVote published a position paper arguing that approval voting has three flaws that undercut it as a method of voting and political vehicle (the group instead advocates for Instant-runoff voting). They argue that it can result in the defeat of a candidate who would win an absolute majority in a plurality election, can allow a candidate to win who ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Voting Systems
An electoral system or voting system is a set of rules that determine how elections and referendums are conducted and how their results are determined. Electoral systems are used in politics to elect governments, while non-political elections may take place in business, non-profit organisations and informal organisations. These rules govern all aspects of the voting process: when elections occur, who is allowed to vote, who can stand as a candidate, how ballots are marked and cast, how the ballots are counted, how votes translate into the election outcome, limits on campaign spending, and other factors that can affect the result. Political electoral systems are defined by constitutions and electoral laws, are typically conducted by election commissions, and can use multiple types of elections for different offices. Some electoral systems elect a single winner to a unique position, such as prime minister, president or governor, while others elect multiple winners, such as memb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Axiology
Axiology (from Ancient Greek, Greek , ''axia'': "value, worth"; and , ''wiktionary:-logia, -logia'': "study of") is the Philosophy, philosophical study of value (ethics), value. It includes questions about the nature and classification of values and about what kinds of things have value. It is intimately connected with various other philosophical fields that crucially depend on the notion of value, like ethics, aesthetics or philosophy of religion. It is also closely related to value theory and meta-ethics. The term was first used by Paul Lapie, in 1902, and Eduard von Hartmann, in 1908. The distinction between ''intrinsic'' and ''extrinsic'' value is central to axiology. One conceptualization holds that something is ''intrinsically valuable'' if it is ''good in itself'' or ''good for its own sake''. It is usually held that intrinsic value ''depends'' on certain features of the valuable entity. For example, an experience may be said to be intrinsically valuable ''by virtue of'' be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Moral Philosophy
Ethics or moral philosophy is a branch of philosophy that "involves systematizing, defending, and recommending concepts of right and wrong behavior".''Internet Encyclopedia of Philosophy'' The field of ethics, along with aesthetics, concerns matters of value; these fields comprise the branch of philosophy called axiology. Ethics seeks to resolve questions of human morality by defining concepts such as good and evil, right and wrong, virtue and vice, justice and crime. As a field of intellectual inquiry, moral philosophy is related to the fields of moral psychology, descriptive ethics, and value theory. Three major areas of study within ethics recognized today are: # Meta-ethics, concerning the theoretical meaning and reference of moral propositions, and how their truth values (if any) can be determined; # Normative ethics, concerning the practical means of determining a moral course of action; # Applied ethics, concerning what a person is obligated (or permitted) to do in a s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Human Nature
Human nature is a concept that denotes the fundamental dispositions and characteristics—including ways of thinking, feeling, and acting—that humans are said to have naturally. The term is often used to denote the essence of humankind, or what it 'means' to be human. This usage has proven to be controversial in that there is dispute as to whether or not such an essence actually exists. Arguments about human nature have been a central focus of philosophy for centuries and the concept continues to provoke lively philosophical debate. While both concepts are distinct from one another, discussions regarding human nature are typically related to those regarding the comparative importance of genes and environment in human development (i.e., ' nature versus nurture'). Accordingly, the concept also continues to play a role in academic fields, such as the natural sciences, social sciences, history, and philosophy, in which various theorists claim to have yielded insight into hu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Approximation
An approximation is anything that is intentionally similar but not exactly equality (mathematics), equal to something else. Etymology and usage The word ''approximation'' is derived from Latin ''approximatus'', from ''proximus'' meaning ''very near'' and the prefix ''ad-'' (''ad-'' before ''p'' becomes ap- by assimilation (phonology), assimilation) meaning ''to''. Words like ''approximate'', ''approximately'' and ''approximation'' are used especially in technical or scientific contexts. In everyday English, words such as ''roughly'' or ''around'' are used with a similar meaning. It is often found abbreviated as ''approx.'' The term can be applied to various properties (e.g., value, quantity, image, description) that are nearly, but not exactly correct; similar, but not exactly the same (e.g., the approximate time was 10 o'clock). Although approximation is most often applied to numbers, it is also frequently applied to such things as Function (mathematics), mathematical functio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Soundness
In logic or, more precisely, deductive reasoning, an argument is sound if it is both valid in form and its premises are true. Soundness also has a related meaning in mathematical logic, wherein logical systems are sound if and only if every formula that can be proved in the system is logically valid with respect to the semantics of the system. Definition In deductive reasoning, a sound argument is an argument that is valid and all of its premises are true (and as a consequence its conclusion is true as well). An argument is valid if, assuming its premises are true, the conclusion ''must'' be true. An example of a sound argument is the following well-known syllogism: : ''(premises)'' : All men are mortal. : Socrates is a man. : ''(conclusion)'' : Therefore, Socrates is mortal. Because of the logical necessity of the conclusion, this argument is valid; and because the argument is valid and its premises are true, the argument is sound. However, an argument can be valid without ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Empirically
In philosophy, empiricism is an epistemological theory that holds that knowledge or justification comes only or primarily from sensory experience. It is one of several views within epistemology, along with rationalism and skepticism. Empiricism emphasizes the central role of empirical evidence in the formation of ideas, rather than innate ideas or traditions. However, empiricists may argue that traditions (or customs) arise due to relations of previous sensory experiences. Historically, empiricism was associated with the "blank slate" concept (''tabula rasa''), according to which the human mind is "blank" at birth and develops its thoughts only through experience. Empiricism in the philosophy of science emphasizes evidence, especially as discovered in experiments. It is a fundamental part of the scientific method that all hypotheses and theories must be tested against observations of the natural world rather than resting solely on ''a priori'' reasoning, intuition, or rev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dutch Book
In gambling, a Dutch book or lock is a set of odds and bets, established by the bookmaker, that ensures that the bookmaker will profit—at the expense of the gamblers—regardless of the outcome of the event (a horse race, for example) on which the gamblers bet. It is associated with probabilities implied by the odds not being coherent. In economics, the term usually refers to a sequence of trades that would leave one party strictly worse off and another strictly better off. Typical assumptions in consumer choice theory rule out the possibility that anyone can be Dutch-booked. In philosophy it is used to explore degrees of certainty of beliefs. There is no agreement on the etymology of the term.Hajek, Alan ''Dutch Book Arguments'', Chapter 7 in The Oxford Handbook of Rational and Social Choice, ed. Paul Anand, Prasanta Pattanaik, and Clemens Puppe, 173-195, Oxford University Press Gambling The main point of the Dutch book argument is to show that rational people must have ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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