TY - CHAP
T1 - Social choice theory and data science
T2 - The beginning of a beautiful friendship
AU - Ozdemir, Ugur
PY - 2019/11/26
Y1 - 2019/11/26
N2 - In this note, I advocate the development of a symbiotic relationship between the theoretical world of economic design and that of quantitative data analysis. I illustrate both directions of this symbiosis by looking at how the axiomatic approach of social choice theory can provide foundations for the quantitative methodological choices and, how data science tools can help testing assumptions of formal models. For the former, I focus on the two important stages of any empirical research design: measurement and methods selection. For the latter, I assert that machine learning algorithms can be employed to test assumptions regarding to the nature of individual preferences. The spatial model of electoral competition serves as a workhorse example throughout the paper.
AB - In this note, I advocate the development of a symbiotic relationship between the theoretical world of economic design and that of quantitative data analysis. I illustrate both directions of this symbiosis by looking at how the axiomatic approach of social choice theory can provide foundations for the quantitative methodological choices and, how data science tools can help testing assumptions of formal models. For the former, I focus on the two important stages of any empirical research design: measurement and methods selection. For the latter, I assert that machine learning algorithms can be employed to test assumptions regarding to the nature of individual preferences. The spatial model of electoral competition serves as a workhorse example throughout the paper.
U2 - 10.1007/978-3-030-18050-8
DO - 10.1007/978-3-030-18050-8
M3 - Chapter (peer-reviewed)
SN - 9783030180492
T3 - Studies in Economic Design
SP - 531
EP - 534
BT - The Future of Economic Design
A2 - Laslier, Jean-Franҫois
A2 - Moulin, Hervé
A2 - Sanver, M. Remzi
A2 - Zwicker, William S.
PB - Springer
CY - Switzerland
ER -