Maximizing value to Existing shareholders isn't a controversial concept in the corporate realm, even among lefty academics. Why so in gov?
that there exists no pareto-efficient voting system that 'balances budget' and has a Nash equilibrium.
-
-
(A thm that can be glossed as "no voting system has a NE" is Gibbard-Satterthwaite, although you can get a stronger result)
-
I'll have a look. Been a while since Ive read up on public choice, but various 'plurality' voting schemes def have a NE.
-
It's pretty trivial to construct three-way cycles for any voting scheme.
End of conversation
New conversation -
-
-
Oh I see, it's not a voting system, more of an N-sided prisoner's dilemma problem?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
No voting system has an inherent Nash equilibrium, period
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.