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Thus, it is a stronger requirement than plurality (yet weaker than absolute majority). [4] [5] An absolute majority (also a majority) is a number of votes "greater than the number of votes that possibly can be obtained at the same time for any other solution", [a] when voting for multiple alternatives at a time [6] [b]
Ranked majority criterion, in which an option which is merely preferred over the others by a majority must win. (Passing the ranked MC is denoted by "yes" in the table below, because it implies also passing the following:) Rated majority criterion, in which only an option which is uniquely given a perfect rating by a majority must win. The ...
This has led to some confusion and misuse of the terms "majority" or "relative majority" to mean what is correctly called the margin of victory, i.e. the number of votes separating the first-place finisher from the second-place finisher. [8] A "double majority" is a voting system which requires a majority of votes according to two separate ...
In economics, valuation using multiples, or "relative valuation", is a process that consists of: identifying comparable assets (the peer group) and obtaining market values for these assets. converting these market values into standardized values relative to a key statistic, since the absolute prices cannot be compared.
Plurality voting is often contrasted with (absolute) majority voting [27] where variant of runoff voting (multi-round voting) are also classified. However, in formal social choice theory, the term majority voting has a different definition, and runoff voting methods could also be classified under plurality [citation needed].
If majority support is interpreted in a relative sense, with a majority rating a preferred candidate above any other, the method does not pass, even with only two candidates. If the word "prefer" is interpreted in an absolute sense, as rating the preferred candidate with the highest available rating, then it does.
In other words, this candidate preferred to any one of their opponents by a majority of voters. When there are only two candidates, a simple majority vote satisfies this condition, while for multi-candidate votes any majority-rule (Condorcet) method will satisfy it. Proof sketch: Let the median voter be Marlene. The candidate who is closest to ...
Under the first past the post method the candidate with most votes (a plurality) wins, even if they do not have an absolute majority (more than half) of votes. The two-round system tries to overcome this problem by permitting only two candidates in the second round, so that one must receive an absolute majority of votes.