Comments on: Game Theory and Voting http://mindyourdecisions.com/blog/2008/10/07/make-your-vote-count-5-important-ideas-from-game-theory/ Articles on game theory and personal finance Thu, 09 Feb 2012 18:20:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Keith http://mindyourdecisions.com/blog/2008/10/07/make-your-vote-count-5-important-ideas-from-game-theory/comment-page-1/#comment-13179 Keith Sun, 25 Dec 2011 14:31:45 +0000 http://mindyourdecisions.com/blog/?p=749#comment-13179 Interesting post about game theory and the links to voting. Here's one more link http://www.gametheorybooks.com that might be of interest. There was a recent economics article looking at the probability of having an individual cast a deciding vote in a presidential election. Interesting post about game theory and the links to voting. Here’s one more link http://www.gametheorybooks.com that might be of interest. There was a recent economics article looking at the probability of having an individual cast a deciding vote in a presidential election.

]]> By: Alexander http://mindyourdecisions.com/blog/2008/10/07/make-your-vote-count-5-important-ideas-from-game-theory/comment-page-1/#comment-12684 Alexander Sat, 26 Nov 2011 03:12:31 +0000 http://mindyourdecisions.com/blog/?p=749#comment-12684 The thing is, how many people are you affecting? Remember, a large portion of the votes are effectively fixed, they'll always be for one side over the other. Also, if you have a 1 in 200,000 chance of changing the result of an election that effects 200,000,000 people... it's the equivalent of 100% chance of affecting 1,000 people. The thing is, how many people are you affecting? Remember, a large portion of the votes are effectively fixed, they’ll always be for one side over the other.

Also, if you have a 1 in 200,000 chance of changing the result of an election that effects 200,000,000 people… it’s the equivalent of 100% chance of affecting 1,000 people.

]]> By: A-Z of game theory | Game Theory Strategies http://mindyourdecisions.com/blog/2008/10/07/make-your-vote-count-5-important-ideas-from-game-theory/comment-page-1/#comment-11862 A-Z of game theory | Game Theory Strategies Tue, 04 Oct 2011 05:15:45 +0000 http://mindyourdecisions.com/blog/?p=749#comment-11862 [...] – Voting – there is a lot of game theory analysis of voting patterns and [...] [...] – Voting – there is a lot of game theory analysis of voting patterns and [...]

]]> By: SuperMonkeyCube http://mindyourdecisions.com/blog/2008/10/07/make-your-vote-count-5-important-ideas-from-game-theory/comment-page-1/#comment-11721 SuperMonkeyCube Wed, 28 Sep 2011 14:45:54 +0000 http://mindyourdecisions.com/blog/?p=749#comment-11721 It seems like that correctly evaluating the real economic cost of voting has been glossed over. I don't think that the intention of game theorists would be to only consider the fuel and the time involved in the simple act of casting a ballot. Most of the economic 'cost' involved in deciding what candidate to vote for, if one intends their vote to mean anything, is to be able to be knowledgeable enough about the candidates to make a choice that aligns with their own interests. Sometimes the matter appears simple, largely due to campaigns' tendencies to be about only a handful of issues in an attempt to psychologically simplify the decision-making process, but usually it is not as simple as that in practice. Also, that cost of being informed about the candidates increases as the number of candidates and issues increase. Done as a strict cost/benefit analysis, it may often seem that voting at random or not voting works as well as voting for who you _think_ the best candidate is after expending effort on trying to select the best one. It seems like that correctly evaluating the real economic cost of voting has been glossed over. I don’t think that the intention of game theorists would be to only consider the fuel and the time involved in the simple act of casting a ballot. Most of the economic ‘cost’ involved in deciding what candidate to vote for, if one intends their vote to mean anything, is to be able to be knowledgeable enough about the candidates to make a choice that aligns with their own interests. Sometimes the matter appears simple, largely due to campaigns’ tendencies to be about only a handful of issues in an attempt to psychologically simplify the decision-making process, but usually it is not as simple as that in practice. Also, that cost of being informed about the candidates increases as the number of candidates and issues increase. Done as a strict cost/benefit analysis, it may often seem that voting at random or not voting works as well as voting for who you _think_ the best candidate is after expending effort on trying to select the best one.

]]> By: Game theory links 9-15-09 - Mind Your Decisions http://mindyourdecisions.com/blog/2008/10/07/make-your-vote-count-5-important-ideas-from-game-theory/comment-page-1/#comment-9576 Game theory links 9-15-09 - Mind Your Decisions Sun, 21 Aug 2011 00:27:34 +0000 http://mindyourdecisions.com/blog/?p=749#comment-9576 [...] The perverse voting system of the Oscars The Oscar voting system is messed up, as you probably knew. The numbers guy Carl Bialik illustrates with the supporting math of instant-runoff voting. Perhaps this explains why The Dark Knight was snubbed in many of last year’s more prominent nominations. For more, read about voting theory and its strategies and paradoxes. [...] [...] The perverse voting system of the Oscars The Oscar voting system is messed up, as you probably knew. The numbers guy Carl Bialik illustrates with the supporting math of instant-runoff voting. Perhaps this explains why The Dark Knight was snubbed in many of last year’s more prominent nominations. For more, read about voting theory and its strategies and paradoxes. [...]

]]>