Distribution Aggregation via Continuous Thiele's Rules
Jonathan Wagner, Reshef Meir
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 $\sum_if(π^i)$ where $π^i$ 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.
