Abstract

This paper sets out from a discussion of the well-known fact that the PGI violates the axiom of local monotonicity (LM). It argues that cases of nonmonotonicity indicate properties of the underlying decision situations which cannot be brought to light by the more popular power measures, i.e., the Banzhaf index and the Shapley–Shubik index, that satisfy LM. The discussion proposes that we can constrain the set of games such that LM also holds for the PGI. A discussion of causality follows. It suggests that the nonmonotonicity can be the result of framing the decision problem in a particular way and perhaps even ask the “wrong question.” Correspondingly, the PGI can be interpreted as an indicator. The probabilistic relationship of Banzhaf index and PGI identifies the factor which is responsible for the formal difference between the two measures and therefore for the violation of LM that characterizes the PGI, but not the Banzhaf.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.