Game theory

Voting Theory

Voting theory is the study of how individuals or groups make collective decisions through voting processes. It examines different voting methods, their properties, and potential biases. Key Characteristics / Core Concepts Voting Methods: Various systems exist, such as plurality, ranked-choice, and approval voting, each with unique properties. Strategic Voting: Voters may cast ballots not for … Read more

Game Theory

Game theory is the study of mathematical models of strategic interaction among rational agents. It analyzes situations where the outcome of a participant’s choice depends on the choices of others. Key Characteristics / Core Concepts Strategic Interaction: The outcome depends on the actions of multiple participants. Rational Agents: Participants aim to maximize their own payoff … Read more