Campuses:

Collective Choice and Mutual Knowledge Structures

Wednesday, October 21, 1998 - 11:00am - 12:00pm
Keller 3-180
Diana Richards (University of Minnesota, Twin Cities)
Joint work with B.D. McKay and W.A. Richards

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.