Sunday, September 10, 2023

Rational voting systems, auctions

 I have previously discussed the fact that 51% of the population should not get 100% of things their way while 49% of the population get 0% of what they want. There are various ways to set things up so the 51% majority only gets 51% of their objectives. In a legislative setting, for example, each legislator can be given an equal amount of "currency" at the beginning of a legislative term. Each legislator gets to spend (bid) as much of their "currency" as they wish on each of the scheduled votes. On some votes the minority party will prevail over the majority depending upon the importance of each vote to each individual's priorities, the idea of saving your strength for the fight that matters to you.

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