Regret Averse Opinion Aggregation
It is often suggested that when opinions differ among individuals in a group, the opinions should be aggregated to form a compromise. This paper compares two approaches to aggregating opinions, linear pooling and what I call opinion agglomeration. In evaluating both strategies, I propose a pragmatic...
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| Language: | English |
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Michigan Publishing
2021-12-01
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| Series: | Ergo, An Open Access Journal of Philosophy |
| Online Access: | https://journals.publishing.umich.edu/ergo/article/id/1153/ |
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| author | Lee Elkin |
| author_facet | Lee Elkin |
| author_sort | Lee Elkin |
| collection | DOAJ |
| description | It is often suggested that when opinions differ among individuals in a group, the opinions should be aggregated to form a compromise. This paper compares two approaches to aggregating opinions, linear pooling and what I call opinion agglomeration. In evaluating both strategies, I propose a pragmatic criterion, No Regrets, entailing that an aggregation strategy should prevent groups from buying and selling bets on events at prices regretted by their members. I show that only opinion agglomeration is able to satisfy the demand. I then proceed to give normative and empirical arguments in support of the pragmatic criterion for opinion aggregation, and that ultimately favor opinion agglomeration. |
| format | Article |
| id | doaj-art-ed40e3ff5a9c4a2e909c04c6bfc4b2b6 |
| institution | DOAJ |
| issn | 2330-4014 |
| language | English |
| publishDate | 2021-12-01 |
| publisher | Michigan Publishing |
| record_format | Article |
| series | Ergo, An Open Access Journal of Philosophy |
| spelling | doaj-art-ed40e3ff5a9c4a2e909c04c6bfc4b2b62025-08-20T02:48:38ZengMichigan PublishingErgo, An Open Access Journal of Philosophy2330-40142021-12-018010.3998/ergo.1153Regret Averse Opinion AggregationLee Elkin0Jagiellonian University in KrakówIt is often suggested that when opinions differ among individuals in a group, the opinions should be aggregated to form a compromise. This paper compares two approaches to aggregating opinions, linear pooling and what I call opinion agglomeration. In evaluating both strategies, I propose a pragmatic criterion, No Regrets, entailing that an aggregation strategy should prevent groups from buying and selling bets on events at prices regretted by their members. I show that only opinion agglomeration is able to satisfy the demand. I then proceed to give normative and empirical arguments in support of the pragmatic criterion for opinion aggregation, and that ultimately favor opinion agglomeration.https://journals.publishing.umich.edu/ergo/article/id/1153/ |
| spellingShingle | Lee Elkin Regret Averse Opinion Aggregation Ergo, An Open Access Journal of Philosophy |
| title | Regret Averse Opinion Aggregation |
| title_full | Regret Averse Opinion Aggregation |
| title_fullStr | Regret Averse Opinion Aggregation |
| title_full_unstemmed | Regret Averse Opinion Aggregation |
| title_short | Regret Averse Opinion Aggregation |
| title_sort | regret averse opinion aggregation |
| url | https://journals.publishing.umich.edu/ergo/article/id/1153/ |
| work_keys_str_mv | AT leeelkin regretaverseopinionaggregation |