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The three options do have the same characteristics in each of the items. One option maximizes the outcome for the self, a second option maximizes the sum of the outcomes for the self and the other (joint outcome), and the third option maximizes the relative gain (i.e. the difference between the outcome for the self and the outcome for the other).
Sociology is the scientific study of human society that focuses on society, human social behavior, patterns of social relationships, social interaction, and aspects of culture associated with everyday life.
The ancient Greek philosophers Plato and Aristotle debated economic equality. Painting by Raffaello Sanzio (1509). According to professor of politics Ed Rooksby, the concept of equality of outcome is an important one in disputes between different political positions, since equality has overall been seen as positive and an important concept that is "deeply embedded in the fabric of modern ...
Economists Gary Charness and Matthew Rabin found that in some cases, agents prefer more efficient outcomes (i.e. outcome with larger social welfare) than more equal outcomes [40] and they developed a model where agents' utility is a convex combination of own's material payoff and the social welfare. Moreover, they assumed agents have quasi ...
Social status is the relative level of social value a person is considered to possess. [1] [2] Such social value includes respect, honor, assumed competence, and deference. [3]
A social choice function, sometimes called a voting system in the context of politics, is a rule that takes an individual's complete and transitive preferences over a set of outcomes and returns a single chosen outcome (or a set of tied outcomes). We can think of this subset as the winners of an election, and compare different social choice ...
A pro-marriage equality rally in San Francisco, US Equality symbolSocial equality is a state of affairs in which all individuals within society have equal rights, liberties, and status, possibly including civil rights, freedom of expression, autonomy, and equal access to certain public goods and social services.
A group has single-peaked preferences over a set of outcomes if the outcomes can be ordered along a line such that: Each agent has a "best outcome" in the set, and; For each agent, outcomes that are further from his or her best outcome are preferred less. Single-peaked preferences are typical of one-dimensional domains.