Showing 1 - 10 of 94
Prior research on 'strategic voting' has reached the conclusion that unanimity rule is uniquely bad: it results in destruction of information, and hence makes voters worse off. We show that this conclusion depends critically on the assumption that the issue being voted on is exogenous, i.e.,...
Persistent link: https://www.econbiz.de/10010277536
We outline a new voting procedure for representative democracies. This procedure should be used for important decisions only and consists of two voting rounds: a randomly-selected subset of the citizens is awarded a one-time voting right. The parliament also votes, and the two decisions are...
Persistent link: https://www.econbiz.de/10011753320
Prior research on "strategic voting" has reached the conclusion that unanimity rule is uniquely bad: it results in destruction of information, and hence makes voters worse off. We show that this conclusion depends critically on the assumption that the issue being voted on is exogenous, i.e.,...
Persistent link: https://www.econbiz.de/10003787573
Prior research on quot;strategic votingquot; has reached the conclusion that unanimity rule is uniquely bad: it results in destruction of information, and hence makes voters worse off. We show that this conclusion depends critically on the assumption that the issue being voted on is exogenous,...
Persistent link: https://www.econbiz.de/10012731002
We outline a new voting procedure for representative democracies. This procedure should be used for important decisions only and consists of two voting rounds: a randomly-selected subset of the citizens is awarded a one-time voting right. The parliament also votes, and the two decisions are...
Persistent link: https://www.econbiz.de/10012984387
We study equilibrium selection in a common-interest voting model with three alternatives. In the model, symmetric Bayesian Nash Equilibria (BNE) of varying efficiency are known to exist. Employing evolutionary adaptive learning simulations, we find interesting new equilibria. In simulations, we...
Persistent link: https://www.econbiz.de/10013322584
In Colombia these polls do not withstand any rigorous testing. And contrary to expand the formation of public opinion, impaired. To overcome this defect should propose means fewer surveys and more discussions. Presidential campaigns should seek democratic enlargement, and a less massive media...
Persistent link: https://www.econbiz.de/10014196605
This paper investigates opportunities and approaches for forecasting the future, with a particular focus on Nobel prizes. We review different approaches, including using the “wisdom of the crowd” through approaches such as prediction markets. We drill down on prediction markets, analyzing...
Persistent link: https://www.econbiz.de/10014235575
Under Liquid Democracy (LD), decisions are taken by referendum, but voters are allowed to delegate their votes to other voters. Theory shows that in common interest problems where experts are correctly identified, the outcome can be superior to simple majority voting. However, even when experts...
Persistent link: https://www.econbiz.de/10013477287
The Qualified Majority Voting (QMV) used by the Council of the European Union developed to a high degree of complexity from one modifying treaty to another, until the latest definition stipulated in the Treaty of Lisbon. This paper analyses this EU intra-institutional voting method using a...
Persistent link: https://www.econbiz.de/10014310935