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Voting
 

 

A method of group decision-making. There are many voting mechanisms that differ in the number of votes each participant in the mechanism can cast, and in how these votes are aggregated to reach a decision. For example, the majority voting mechanism allocates each participant a single vote, and the alternative that receives the most votes is chosen. See also borda count; collective choice; paradox of voting.

 

Reference: Oxford Press Dictonary of Economics, 5th edt.