Reservation of Judgment and Robust Collective Decisions
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arXiv
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| Main Authors: | , |
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| Format: | Preprint |
| Published: |
2025
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| _version_ | 1866915684403904512 |
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| author | Kurata, Leo Nakamura, Kensei |
| author_facet | Kurata, Leo Nakamura, Kensei |
| contents | This paper studies preference aggregation under ambiguity when agents have incomplete preference relations due to imprecise beliefs. We introduce the "dual" of the Pareto principle, which respects unanimity among individuals, including those with unexpressed opinions. Our first theorem shows that, in most cases, this principle leads to a dictatorial rule in taste aggregation. We argue that this stems from the problem of spurious unanimity, even when the individuals have the same prior set. By weakening the above principle to avoid respecting spurious unanimity, the second theorem characterizes novel belief-aggregation rules, under which society does not discard any combination of plausible priors. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2512_16240 |
| institution | arXiv |
| publishDate | 2025 |
| record_format | arxiv |
| spellingShingle | Reservation of Judgment and Robust Collective Decisions Kurata, Leo Nakamura, Kensei Theoretical Economics This paper studies preference aggregation under ambiguity when agents have incomplete preference relations due to imprecise beliefs. We introduce the "dual" of the Pareto principle, which respects unanimity among individuals, including those with unexpressed opinions. Our first theorem shows that, in most cases, this principle leads to a dictatorial rule in taste aggregation. We argue that this stems from the problem of spurious unanimity, even when the individuals have the same prior set. By weakening the above principle to avoid respecting spurious unanimity, the second theorem characterizes novel belief-aggregation rules, under which society does not discard any combination of plausible priors. |
| title | Reservation of Judgment and Robust Collective Decisions |
| topic | Theoretical Economics |
| url | https://arxiv.org/abs/2512.16240 |