Optimal majority threshold in a stochastic environment
Within the model of social dynamics determined by collective decisions in a stochastic environment (the ViSE model), we consider the case of a homogeneous society consisting of classically rational economic agents. We obtain analytical expressions for the optimal majority threshold as a function of...
Gespeichert in:
1. Verfasser: | |
---|---|
Format: | Artikel |
Sprache: | eng |
Schlagworte: | |
Online-Zugang: | Volltext bestellen |
Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
Zusammenfassung: | Within the model of social dynamics determined by collective decisions in a
stochastic environment (the ViSE model), we consider the case of a homogeneous
society consisting of classically rational economic agents. We obtain
analytical expressions for the optimal majority threshold as a function of the
parameters of the environment, assuming that the proposals are generated by
means of a continuous distribution. The cases of several specific distributions
are considered in more detail. |
---|---|
DOI: | 10.48550/arxiv.1901.09233 |