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Pioneered in the 18th century by Nicolas de Condorcet and Jean-Charles de Borda and in
the 19th century by Charles Dodgson (also known as Lewis Carroll), social choice theory took off
in the 20th century with the works of Kenneth Arrow, Amartya Sen, and Duncan Black. Its
influence extends across economics, political science, philosophy, mathematics, and recently
computer science and biology. Apart from contributing to our understanding of collective decision
procedures, social choice theory has applications in the areas of institutional design, welfare
economics, and social epistemology
that particular political office. For example, Obama was elected president in 2008, he was an
incumbent, seeking re-election, in 2012. Because a president is limited to serving no more than
two terms, the 2016 presidential election will not feature an incumbent. Unseating an incumbent
president is difficult. For an incumbent to lose an election, some of the voters who voted for the
incumbent in the previous election must switch allegiance.
Many voters view an incumbent's performance based on the state of the national
economy. When the economy is doing well, an incumbent has a good chance at re-election. The
incumbent typically enjoys support from those affiliated with his or her party and will also gain
the support of many Independents. However, when the economy is doing poorly, an incumbent
might still enjoy support of those who identify with his or her party but won't likely gain the
support of Independents.
(source: http://www.abs-cbnnews.com/focus/10/26/13/people-watch-out-2016-elections)
At least nine elected officials and one Cabinet secretary have what it takes to become the
next Chief Executive who will succeed President Benigno Aquino, according to veteran political
analyst Antonio Gatmaitan.
In a recent forum organized by the Center for Philippine Futuristics Studies and
Management Inc., Gatmaitan named the possible contenders for the country's top post,
regardless of whether they have expressed intentions to run in the 2016 presidential elections.
They are:
- Vice President Jejomar Binay
- Interior and Local Government Secretary Manuel "Mar" Roxas II
- Senate President Franklin Drilon
- Senator Ramon "Bong" Revilla Jr.
- Senator Ferdinand "Bongbong" Marcos Jr.
- Senator Loren Legarda
- Senator Francis "Chiz" Escudero
- Senator Grace Poe
- House Speaker Feliciano "Sonny" Belmonte
- Manila Mayor Joseph "Erap" Estrada