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<div> From: heitzig-j@web.de<br>
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<pre><tt>> Consider a situation with three options A,B,C<br>
> and only two voters, whose <br>
> ratings* are as follows:<br>
><br>
> voter 1: A 100, C 50, B 0<br>
> voter 2: B 100, C 50, A 0<br>
> <br>
> Now please answer these three questions with "yes" or "no":<br>
> <br>
> 1. Is C socially preferable to A? ___<br>
<br>
Yes.<br>
<br>
C has the same inherent utility, but also has <br>
additional utility due to being less likely to cause<br>
social friction due to protests or other public disorder.<br>
<br>
> 2. Is tossing a coin to decide between A and B socially preferable to A? ___<br>
<br>
Probably yes. <br>
<br>
By giving B some chance at winning, there is less <span class="correction" id="">likelihood</span> of social<br>
friction being generated. <span class="correction" id="">B's</span> supporters will know that they fairly<br>
lost and also that they could win at the next election.<br>
<br>
<span class="correction" id="">OTOH</span>, A and B are equal, so tossing a coin just adds randomness <br>
to the process. Since risk can be cheaply created, there will always<br>
be an oversupply of risk. If a government is based on coin tosses, <br>
the markets will be hit with a random forcing every election.<br>
That will happen anyway though.<br>
<br>
> 3. Is C socially preferable to tossing a coin to decide between A and B? ___<br>
<br>
Yes. C is better than A or B and is thus better to a random choice <br>
of A or B.<br>
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<div style="clear: both;"><span class="correction" id="">Raphfrk</span><br>
--------------------<br>
Interesting site<br>
"what if anyone could modify the laws"<br>
<br>
<span class="correction" id="">www</span>.<span class="correction" id="">wikocracy</span>.<span class="correction" id="">com</span></div>
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