Fahrenberger, Theresa; Gersbach, Hans - 2007 - This version: July 5, 2007
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 …