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On the Measurement of Success and Satisfaction

In: Voting Power and Procedures

Author

Listed:
  • RenĂ© Brink

    (VU University)

  • Frank Steffen

    (University of Bayreuth
    The University of Liverpool Management School (ULMS))

Abstract
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.

Suggested Citation

  • RenĂ© Brink & Frank Steffen, 2014. "On the Measurement of Success and Satisfaction," Studies in Choice and Welfare, in: Rudolf Fara & Dennis Leech & Maurice Salles (ed.), Voting Power and Procedures, edition 127, pages 41-64, Springer.
    • Handle: RePEc:spr:stcchp:978-3-319-05158-1_4
    DOI: 10.1007/978-3-319-05158-1_4
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    Cited by:

    1. Josep Freixas & Montserrat Pons, 2017. "Using the Multilinear Extension to Study Some Probabilistic Power Indices," Group Decision and Negotiation, Springer, vol. 26(3), pages 437-452, May.

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