Preference Aggregation

Definition ∞ Preference aggregation refers to the process of combining individual preferences into a collective decision or social choice. This concept is central to democratic systems and, in the context of decentralized governance, involves methods for compiling votes or opinions from diverse token holders. The aim is to arrive at an outcome that best represents the collective will of the participants.
Context ∞ In blockchain governance, the effectiveness of preference aggregation methods is a frequent topic of discussion, particularly concerning how to fairly weigh diverse opinions within a decentralized autonomous organization. News reports often analyze different voting systems, such as quadratic voting or delegated proof of stake, and their ability to accurately reflect the community’s preferences. The challenge lies in designing systems that resist manipulation and promote broad participation in collective decision-making.