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McKelvey–Schofield chaos theorem

McKelvey–Schofield chaos theorem

The McKelvey–Schofield chaos theorem is a result in social choice theory. It states that if preferences are defined over a multidimensional policy space, then majority rule is in general unstable: there is no Condorcet winner. Furthermore, any point in the space can be reached from any other point by a sequence of majority votes.

The theorem can be thought of as showing thatArrow's impossibility theoremholds when preferences are restricted to beconcavein. Themedian voter theoremshows that when preferences are restricted to be single-peaked on the real line, Arrow's theorem does not hold, and the median voter's ideal point is a Condorcet winner. The chaos theorem shows that this good news does not continue in multiple dimensions.

Richard McKelvey initially proved the theorem for Euclidean preferences.[1] Norman Schofield extended the theorem to the more general class of concave preferences.[2]

References

[1]
Citation Link//doi.org/10.1016%2F0022-0531%2876%2990040-5McKelvey, Richard D. (June 1976). "Intransitivities in multidimensional voting models and some implications for agenda control". Journal of Economic Theory. 12 (3): 472–482. doi:10.1016/0022-0531(76)90040-5.
Sep 28, 2019, 5:32 PM
[2]
Citation Link//doi.org/10.2307%2F2297259Schofield, N. (1 October 1978). "Instability of Simple Dynamic Games". The Review of Economic Studies. 45 (3): 575–594. doi:10.2307/2297259.
Sep 28, 2019, 5:32 PM
[3]
Citation Linkdoi.org10.1016/0022-0531(76)90040-5
Sep 28, 2019, 5:32 PM
[4]
Citation Linkdoi.org10.2307/2297259
Sep 28, 2019, 5:32 PM
[5]
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Sep 28, 2019, 5:32 PM