
Byron S. answered 11/05/14
Tutor
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Math and Science Tutor with an Engineering Background
Typically the way to rank votes like this is to assign points to each vote, where higher rankings = more points. The simplest way for this example would be to give 3, 2, 1 points for ranking 1st, 2nd, 3rd, and 0 points for no ranking. Your point values for the example you gave would look like:
Person 1 Person 2 Person 3
Item1: 3 1
Item2: 2 2 3
Item 3: 1
Item 4: 1
Item 5: 3 2
Item1: 3 1
Item2: 2 2 3
Item 3: 1
Item 4: 1
Item 5: 3 2
Here, Item 2 is overall the favorite, with 7 points total, and so on
Item 2: 7 pts
Item 5: 5 pts
Item 1: 4 pts
Items 3,4: 1 pt
If you wanted to count a #1 ranking as worth extra over a #2 ranking, you could give an uneven scale of points, perhaps 4, 2, 1 for 1st, 2nd, 3rd place.

Byron S.
That's why you need to give more points for higher rankings. With your 1-10 ranking, if you gave 10 pts for being ranked first, then the 3 first place ranks would be 30 points, while 10 lower rankings would only add up to more than 30 if they're relatively high.
Realistically, if you have people voting on items, if only 3 people vote for one item (even if they put it at #1) and everyone else doesn't think it worth any ranking, is that more important than something that 10 people feel is worth some sort of ranking? A reverse order point value for rankings at least weighs the high rankings as more than low, though volume of rankings will still have an effect.
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11/06/14
Julie S.
11/05/14