While people on all sides of the political spectrum were amazed that Donald Trump won the Republican nomination this paper demonstrates that Trump's victory was not a crazy event but rather the equilibrium outcome of a multi-candidate race where one candidate, the buffoon, is viewed as likely to...

In voting bodies, when voting weights are reallocated, it may be observed that the voting power of some members, as measured by the Shapley-Shubik and Banzhaf power indices, increases while their voting weight decreases. By a simple constructive proof, this paper shows that such a “paradox of...