| 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 |
| URL: |
http://d.repec.org/n?u=RePEc:dgr:kubcen:2011116&r=dcm |