arXiv · 2408.01054
Distribution Aggregation via Continuous Thiele's Rules
Abstract
We introduce the class of \textit{Continuous Thiele's Rules} that generalize the familiar \textbf{Thiele's rules} \cite{janson2018phragmens} of multi-winner voting to distribution aggregation problems. Each rule in that class maximizes $\sum_if(\pi^i)$ where $\pi^i$ is an agent $i$'s satisfaction and $f$ could be any twice differentiable, increasing and concave real function. Based on a single quantity we call the \textit{'Inequality Aversion'} of $f$ (elsewhere known as "Relative Risk Aversion"), we derive bounds on the Egalitarian loss, welfare loss and the approximation of \textit{Average Fair Share}, leading to a quantifiable, continuous presentation of their inevitable trade-offs. In particular, we show that the Nash Product Rule satisfies\textit{ Average Fair Share} in our setting.
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Jonathan Wagner, Reshef Meir. 2024-08-02. Distribution Aggregation via Continuous Thiele's Rules. https://arxiv.org/abs/2408.01054
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