In this paper we propose minority voting as a scheme that can partially protect individuals from the risk of repeated …: voting winners, voting losers, and absentees. Under minority voting only voting losers keep the voting right in the second … period. We show that as soon as absolute risk aversion exceeds a threshold value minority voting is superior to repeated …

accumulating votes on issues that it deems most important, the minority can win occasionally. But because the majority typically … can outvote it, the minority wins only if its strength of preference is high and the majority’s strength of preference is … predictions of our model are confirmed by a series of experiments: the frequency of minority victories, the relative payoff of the …