. . . . . . . "Aggregating local preferences to guide marginal policy adjustments"@en . . "Aggregating Local Preferences to Guide Marginal Policy Adjustments" . . . . . . "We propose a social choice rule for aggregating preferences elicited from surveys into a marginal adjustment of policy from the status quo. The mechanism is: (i) symmetric in its treatment of survey respondents; (ii) ordinal, using only the orientation of respondents' indifference surfaces; (iii) local, using only preferences in the neighborhood of current policy; and (iv) what we call \"first-order strategy-proof,\" making the gains from misreporting preferences second order. The mechanism could be applied to guide policy based on how policy affects responses to subjective well-being surveys."@en . . . "We propose a social choice rule for aggregating preferences elicited from surveys into a marginal adjustment of policy from the status quo. The mechanism is: (i) symmetric in its treatment of survey respondents; (ii) ordinal, using only the orientation of respondents' indifference surfaces; (iii) local, using only preferences in the neighborhood of current policy; and (iv) what we call \"first-order strategy-proof,\" making the gains from misreporting preferences second order. The mechanism could be applied to guide policy based on how policy affects responses to subjective well-being surveys." . . . . . . "Management." . . "National Bureau of Economic Research." . . "Economics." . . . . "Electronic documents." . .