Ranked votingThe term ranked voting, also known as preferential voting or ranked choice voting, pertains to any voting system where voters use a rank to order candidates or options—in a sequence from first, second, third, and onwards—on their ballots. Ranked voting systems vary based on the ballot marking process, how preferences are tabulated and counted, the number of seats available for election, and whether voters are allowed to rank candidates equally.
Arrow's impossibility theoremArrow's impossibility theorem, the general possibility theorem or Arrow's paradox is an impossibility theorem in social choice theory that states that when voters have three or more distinct alternatives (options), no ranked voting electoral system can convert the ranked preferences of individuals into a community-wide (complete and transitive) ranking while also meeting the specified set of criteria: unrestricted domain, non-dictatorship, Pareto efficiency, and independence of irrelevant alternatives.
Cardinal votingCardinal voting refers to any electoral system which allows the voter to give each candidate an independent evaluation, typically a rating or grade. These are also referred to as "rated" (ratings ballot), "evaluative", "graded", or "absolute" voting systems. Cardinal methods (based on cardinal utility) and ordinal methods (based on ordinal utility) are two main categories of modern voting systems, along with plurality voting. There are several voting systems that allow independent ratings of each candidate.
Majority judgmentMajority judgment (MJ) is a single-winner voting system proposed in 2010 by Michel Balinski and Rida Laraki. It uses a highest median rule, i.e., a cardinal voting system that elects the candidate with the highest median rating. Unlike other voting methods, MJ guarantees that the winner between three or more candidates will be the candidate who had received an absolute majority of the highest grades given by all the voters.
