Bad Condorcet winners?
DEMOREP1 at aol.com
DEMOREP1 at aol.com
Wed Mar 21 12:31:17 PST 2001
Mr. Simmons wrote in part--
> Demorep said:
>
> >It is not *average* utilities that are important.
>
I think Demorep has a point here. Instead of optimizing average SU
someone might want to optimize median SU, or most likely SU, or minimize
the likelihood of SU below some cutoff value, etc. especially if the short
run outcome is very critical.
---
D- If there is another 1932 type crisis (taking notice of the current very
shaky U.S.A. stock markets), then there likely will be a number of openly
left/right extremists running for office.
Who wants to elect the extremists (with their alleged *mandates*) ???
Who wants to elect some *dull* median SU and/or *bad* Condorcet compromise
candidates ???
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