A Condorcet method (pronkɒndɔrˈseɪ; kɔ̃dɔʁsɛ) is an election method that elects the candidate who wins a majority of the vote in every head-to-head election against each of the other candidates, that is, a candidate preferred by more voters than any others, whenever there is such a candidate. A candidate with this property, the pairwise champion or beats-all winner, is formally called the Condorcet winner. The head-to-head elections need not be done separately; a voter's choice within any given pair can be determined from the ranking.
Some elections may not yield a Condorcet winner because voter preferences may be cyclic—that is, it is possible (but rare) that every candidate has an opponent that defeats them in a two-candidate contest.(This is similar to the game rock paper scissors, where each hand shape wins against one opponent and loses to another one). The possibility of such cyclic preferences is known as the Condorcet paradox. However, a smallest group of candidates that beat all candidates not in the group, known as the Smith set, always exists. The Smith set is guaranteed to have the Condorcet winner in it should one exist. Many Condorcet methods elect a candidate who is in the Smith set absent a Condorcet winner, and is thus said to be "Smith-efficient". The Condorcet winner is also usually but not necessarily the utilitarian winner (the one that maximizes social welfare).
Condorcet voting methods are named for the 18th-century French mathematician and philosopher Marie Jean Antoine Nicolas Caritat, the Marquis de Condorcet, who championed such systems. However, Ramon Llull devised the earliest known Condorcet method in 1299. It was equivalent to Copeland's method in cases with no pairwise ties.
Condorcet methods may use preferential ranked, rated vote ballots, or explicit votes between all pairs of candidates. Most Condorcet methods employ a single round of preferential voting, in which each voter ranks the candidates from most (marked as number 1) to least preferred (marked with a higher number).
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Software agents are widely used to control physical, economic and financial processes. The course presents practical methods for implementing software agents and multi-agent systems, supported by prog
An electoral system satisfies the Condorcet winner criterion (pronkɒndɔrˈseɪ) if it always chooses the Condorcet winner when one exists. The candidate who wins a majority of the vote in every head-to-head election against each of the other candidates - that is, a candidate preferred by more voters than any others - is the Condorcet winner, although Condorcet winners do not exist in all cases. It is sometimes simply referred to as the "Condorcet criterion", though it is very different from the "Condorcet loser criterion".
The Condorcet paradox (also known as the voting paradox or the paradox of voting) in social choice theory is a situation noted by the Marquis de Condorcet in the late 18th century, in which collective preferences can be cyclic, even if the preferences of individual voters are not cyclic. This is paradoxical, because it means that majority wishes can be in conflict with each other: Suppose majorities prefer, for example, candidate A over B, B over C, and yet C over A.
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.
We analyze and implement the kernel ridge regression (KR) method developed in Filipovic et al. (Stripping the discount curve-a robust machine learning approach. Swiss Finance Institute Research Paper No. 22-24. SSRN. https://ssrn.com/abstract=4058150, 2022 ...
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International Association for Shell and Spatial Structures (IASS)2023
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