The financial encyclopedia uses cookies to improve your user experience. Find out more here!






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.