It seems important to distinguish between actually voting, where everyone votes or has a chance to vote (at near-zero cost), and lobbying for individual legislation, where only the very highly-motivated "vote", at high cost. In the latter case (lobbying), most people seem to believe that small groups exert too much power over the process. But that's entirely because the majority have essentially zero influence. If so…
Quadratic Voting (2014)
141–150 of 156 posts
Re: Quadratic Voting (2014)
#142Their startup: http://collectivedecisionengines.com/ seems to give decision makers X units of currency and then refund them the average outlay. It seems like it would have failure modes in communities w/ transient populations. As in, if you give me 100 units, I'll buy 10 votes and know that I at least voted as much as I could. But in conditions where you have a fixed community it could work well. Clearly in the real…
Re: Quadratic Voting (2014)
#143If this was implemented, it seems like the best strategy for an interest group would be to spread their funds over as many voters as possible. I wonder what kind of complications that would cause?
Re: Quadratic Voting (2014)
#144pas on vote buying, linear vote buying is bad according to the same theory that predicts QV is good. The only equilibrium under linear vote buying is that the single most intense (or wealthiest) individual has her way at everyone else's expense. This intuition seems to underly much of the discussion here, but only applies when vote buying is linear. The logic, as cwp pointed out, is Tullock's. So while QV is much bet…
This is assuming that quadratic voting isn't really linear voting. Participants in a process like this aren't "honest" they can't be counted on to follow the rules. In a QV system one can bypass the quadratic penalty by buying people's votes directly for a small premium.
Re: Quadratic Voting (2014)
#145Re: Quadratic Voting (2014)
#146Earlier quoted context omitted.
I just explained why spending $1 billion on votes won't affect the outcome of politics, in the other sentence of my post, that you didn't quote. That's part of the reason the cost of votes is nonlinear in this scheme.
You didn't explain anything, you only provided a cryptic analogy.
Re: Quadratic Voting (2014)
#147Their startup: http://collectivedecisionengines.com/ seems to give decision makers X units of currency and then refund them the average outlay. It seems like it would have failure modes in communities w/ transient populations. As in, if you give me 100 units, I'll buy 10 votes and know that I at least voted as much as I could. But in conditions where you have a fixed community it could work well. Clearly in the real…
If a Koch brother really wants to use up $40 billion on voting, he could put 200,000 votes on a single issue. If everyone opposes his position, he could be easily outvoted by a small town of low-income people casting a couple votes each for a few dollars. They would also get nearly all his money.
Re: Quadratic Voting (2014)
#148Re: Quadratic Voting (2014)
#149Earlier quoted context omitted.
Exactly, if we've already created a system where buying votes is accepted, why would I buy 1000 votes for 1000^2 money, if I might as well pay 1000 uninterested people 2 money each to vote the same way as I?
Buying votes is not accepted. Using the system would be accepted, but not buying separately. Why couldn't we create a norm where buying outside the system is just as punished then as buying outside the system is now?
Then again, it does sound like an interesting system to try, but maybe to be used for smaller decisions and groups first.
Re: Quadratic Voting (2014)
#150Earlier quoted context omitted.
Buying votes is not accepted. Using the system would be accepted, but not buying separately. Why couldn't we create a norm where buying outside the system is just as punished then as buying outside the system is now?
I'm not saying we couldn't, just that it would be harder. Right now votes are thought of as something inherent to a person, similar to a soul. If votes becomes something people speculate in buying, isn't it likely that they'd start to speculate more than that? Then again, it does sound like an interesting system to try, but maybe to be used for smaller decisions and groups first.