Condorcet's Principle

Discipline: Economics

Named after French mathematician and philosopher MARIE ANTOINE CONDORCET (1743-1794), Condorcet's principle deals with the complexity of voting and choices, by which the final choice is made by rejection of all other alternatives in a series of paired contests.

CONDORCET observed that 'majority voting is the best voting rule when only two people can vote'.

Also see: compensation principle, impossibility theorem, paradox of voting, social welfare function

Source:
M Condorcet, Essai sur I'application de l'analyse à la probabilité des decisions rendues a la pluralité des voix (Paris, 1785)

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