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Analyzing Majority Voting and Hedonic Scales: Entropy, Probability, and Pareto Curves

This study explores the dynamics of majority voting through measures such as entropy and median averages. We analyze the role of probability in decision-making, focusing on deciles and ranges in voting outcomes. Additionally, we investigate hedonic scales to assess panelists' liking scores in relation to perceived risks, employing Pareto curves for a clearer understanding of preferences. Our findings highlight the intricacies of rationalization in collective choices, offering insight into voter behavior and decision frameworks.

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Analyzing Majority Voting and Hedonic Scales: Entropy, Probability, and Pareto Curves

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Presentation Transcript

  1. Majority Voting Entropy Median average Inter Deciles Range

  2. Entropy Rationalization Probability Probability 1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9 Hedonic Scale Hedonic Scale

  3. Pareto curves for few Panelists, Liking Score vs. Risk

  4. Pareto curves for few Panelists, Liking Score vs. Risk

  5. Pareto curves for few Panelists, Liking Score vs. Risk

  6. Pareto curves for few Panelists, Liking Score vs. Risk

  7. Pareto curves for few Panelists, Liking Score vs. Risk

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