Commitment
Communication
- persuasive if you can seem like you listen
- more information … less deals
- harder to do positional bargainingtodo check this
Group choices
- aggregate group preferences
- people don’t agree
- inconsistent people are money pumps
- consulting companies use the inconsistencies to sell their stuff
- enabled by a group of people deciding
- Condercet Paradox
- groups don’t have to be consistent
Voting
-
- no voting system can ever be perfect
-
plurality voting
- first pick
- winner: highest vote count
-
borda voting
- full ranking of preferences
- first pick: score n-1, last pick: score 0
- winner: preference with highest score
- full ranking of preferences
-
approval voting
- subset of “acceptable choices”
- winner: preference acceptable to most
-
veto voting
- negative of approval voting
- anti-vote
- winner: preference not acceptable to least
- negative of approval voting
todo strategic non-truthful voting
- put your nemesis at the beginning, then your actual preference at the last point
- agendas matter