Fahrenberger, Theresa; Gersbach, Hans - 2007 - This version: July 5, 2007
period. We show that as soon as absolute risk aversion exceeds a threshold value minority voting is superior to repeated … period. We show that as soon as absolute risk aversion
exceeds a threshold value minority voting is superior to repeated … application of
the simple majority rule.
Keywords: voting, minority, durable decision, risk aversion, tyranny of majority
rules …