21–30 of 156 posts
If this is really a good thing (tm) then perhaps the best incubator to test the theory in a 'crucible of experiment' would be in corporate governance. As more corporations move towards QV (with, hopefully, good results) it may find its way into political public policy.
Just reading the linked summary (and not the paper itself), it seems like this doesn't take wealth disparity into account. If the cost for your votes is the square of the votes you want to cast, then that means people with a lot of money can trivially buy significantly more votes than people with very little money, even if they don't necessarily care more about the issue than the people with very little money. It see…
[deleted]
How does this system deal with the logarithmic value of dollars, and the asymmetry in who has them? When you get ln(X) happiness from X dollars, you are sacrificing 1/X happiness per dollar spent. A billionaire buying a thousand votes is paying ln(10^9 - (10^3)^2) - ln(10^9) ~= 1 milli-utilon, but a thousandaire buying ten votes is paying ln(10^3 - 10^2) - ln(10^3) ~= 100 milli-utilons. It seems like billionaires, wh…
If this is really a good thing (tm) then perhaps the best incubator to test the theory in a 'crucible of experiment' would be in corporate governance. As more corporations move towards QV (with, hopefully, good results) it may find its way into political public policy.
Just reading the linked summary (and not the paper itself), it seems like this doesn't take wealth disparity into account. If the cost for your votes is the square of the votes you want to cast, then that means people with a lot of money can trivially buy significantly more votes than people with very little money, even if they don't necessarily care more about the issue than the people with very little money. It see…
The paper has examples with dollar amounts starting around page 30. If ten thousand poor people buy one vote each for $1, the wealthy would-be tyrant needs to buy 10,001 votes to win, at a cost of $100,020,001. If the tyrant goes ahead and does this, after the election all the poor people will receive $10,001 each.
Has QV been used in any practical context? If so, I'd welcome replies as I didn't pick up on this.
Just reading the linked summary (and not the paper itself), it seems like this doesn't take wealth disparity into account. If the cost for your votes is the square of the votes you want to cast, then that means people with a lot of money can trivially buy significantly more votes than people with very little money, even if they don't necessarily care more about the issue than the people with very little money. It see…
The paper has examples with dollar amounts starting around page 30. If ten thousand poor people buy one vote each for $1, the wealthy would-be tyrant needs to buy 10,001 votes to win, at a cost of $100,020,001. If the tyrant goes ahead and does this, after the election all the poor people will receive $10,001 each.
Just reading the linked summary (and not the paper itself), it seems like this doesn't take wealth disparity into account. If the cost for your votes is the square of the votes you want to cast, then that means people with a lot of money can trivially buy significantly more votes than people with very little money, even if they don't necessarily care more about the issue than the people with very little money. It see…
[deleted]
Just reading the linked summary (and not the paper itself), it seems like this doesn't take wealth disparity into account. If the cost for your votes is the square of the votes you want to cast, then that means people with a lot of money can trivially buy significantly more votes than people with very little money, even if they don't necessarily care more about the issue than the people with very little money. It see…
https://en.wikipedia.org/wiki/Tullock_paradox
I'm still getting my head around it, but it seems that Quadratic Voting would actually increase what wealthy people pay to influence public policy.
Edit: Just as an example, the largest "outside money" spender in the 2012 election was Crossroads, which spent about $57M. I have no idea how many votes they were able to get for that money. With Quadratic Voting, they'd get 7,550. That doesn't seem unreasonable to me.