On the Measurement of Success and Satisfaction

Arbeitspapier

The main purpose of the present paper is to disentangle the mix-up of the notions of success and satisfaction which is prevailing in the voting power literature. We demonstrate that both notions are conceptually distinct, and discuss their relationship and measurement. We show that satisfaction contains success as one component, and that both coincide under the canonical set-up of a simultaneous decision-making mechanism as it is predominant in the voting power literature. However, we provide two examples of sequential decision-making mechanisms in order to illustrate the difference between success and satisfaction. In the context of the discussion of both notions we also address their relationship to different types of luck.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Tinbergen Institute Discussion Paper ; No. 12-030/1

Classification and Topics

• Classification: Wirtschaft ; Game Theory and Bargaining Theory: Other ; Institutions: Design, Formation, Operations, and Impact ; Social Choice; Clubs; Committees; Associations
• Subject: success ; satisfaction ; luck ; power ; Abstimmungsregel ; Macht ; Zufriedenheit ; Neue politische Ökonomie ; Theorie

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): van den Brink, René ; Steffen, Frank
• Event: Veröffentlichung
• (who): Tinbergen Institute
• (where): Amsterdam and Rotterdam
• (when): 2012

Further information

• Handle: http://hdl.handle.net/10419/87290
• Last update: 10.03.2025, 11:41 AM CET