The Budget-Voting Paradox
✍ Scribed by Gilbert Laffond; Jean Lainé
- Publisher
- Springer US
- Year
- 2007
- Tongue
- English
- Weight
- 212 KB
- Volume
- 64
- Category
- Article
- ISSN
- 0040-5833
No coin nor oath required. For personal study only.
📜 SIMILAR VOLUMES
Aristotle must be turning over in his grave. The theory of democracy can never be the same (actually, it never was!) since Arrow. " (Samuelson, 1973) The following analysis proposes that the Voting Paradox is not a paradox, but rather a question of the candidates' aims. Collective choice theorists
One paradox of voting states that, in a general election, in which many citizens vote, the probability that a single voter can affect the outcome is so small that in general citizens have no rational reason for voting. However, if all citizens accept this reasoning, then none will vote, and so each