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Collective Choice and Mutual Knowledge Structures

Author

Listed:
  • Diana Richards

    (Department of Political Science, University of Minnesota, Minneapolis, MN 55455, USA)

  • Brendan D. McKay

    (Department of Computer Science, Australian National University, Canberra, ACT, 0200, Australia)

  • Whitman A. Richards

    (Media Arts and Sciences and Department of Brain and Cognitive Science, Massachusetts Institute of Technology, Cambridge, MA 02139, USA)

Abstract

The conditions under which the aggregation of information from interacting agents results in a stable or an unstable collective outcome is an important puzzle in the study of complex systems. We show that if a complex system of aggregated choice respects a mutual knowledge structure, then the prospects of a stable collective outcome are considerably improved. Our domain-independent results apply to collective choice ranging from perception, where an interpretation of sense data is made by a collection of perceptual modules, to social choice, where a group decision is made from a set of preferences held by individuals.

Suggested Citation

  • Diana Richards & Brendan D. McKay & Whitman A. Richards, 1998. "Collective Choice and Mutual Knowledge Structures," Advances in Complex Systems (ACS), World Scientific Publishing Co. Pte. Ltd., vol. 1(02n03), pages 221-236.
    • Handle: RePEc:wsi:acsxxx:v:01:y:1998:i:02n03:n:s0219525998000156
    DOI: 10.1142/S0219525998000156
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    Cited by:

    1. Yutaka I. Leon Suematsu & Keiki Takadama & Norberto E. Nawa & Katsunori Shimohara & Osamu Katai, 2003. "Analyzing The Agent-Based Model And Its Implications," Advances in Complex Systems (ACS), World Scientific Publishing Co. Pte. Ltd., vol. 6(03), pages 331-347.
    2. John R. Freeman & Jude C. Hays & Helmut Stix, 1999. "Democracy and Markets: The Case of Exchange Rates," Working Papers 39, Oesterreichische Nationalbank (Austrian Central Bank).
    3. Richards, Diana, 1998. "Mutual knowledge structures and social coordination: a knowledge-induced equilibrium," Bulletins 7478, University of Minnesota, Economic Development Center.
    4. John W. Patty, 2008. "Arguments-Based Collective Choice," Journal of Theoretical Politics, , vol. 20(4), pages 379-414, October.
    5. repec:onb:oenbwp:y::i:39:b:1 is not listed on IDEAS

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