nep-dcm New Economics Papers
on Discrete Choice Models
Issue of 2011‒11‒21
one paper chosen by
Philip Yu
Hong Kong University

  1. Paired Comparisons Analysis: An Axiomatic Approach to Rankings in Tournaments By Gonzalez-Diaz, J.; Hendrickx, R.L.P.; Lohmann, E.R.M.A.

  1. By: Gonzalez-Diaz, J.; Hendrickx, R.L.P.; Lohmann, E.R.M.A. (Tilburg University, Center for Economic Research)
    Abstract: In this paper we present an axiomatic analysis of several ranking methods for tournaments. We find that two of them exhibit a very good behaviour with respect to the set of properties under consideration. One of them is the maximum likelihood ranking, the most common method in statistics and psychology. The other one is a new ranking method introduced in this paper: recursive Buchholz. One of the most widely studied methods in social choice, the fair bets ranking, also performs quite well, but fails to satisfy some arguably important properties.
    Keywords: Tournament;ranking;paired comparisons;fair bets;maximum likelihood.
    JEL: D71 D63 D61
    Date: 2011

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