Average Weights and Power in Weighted Voting Games
We investigate a class of weighted voting games for which weights are randomly distributed over the standard probability simplex. We provide close-formed formulae for the expectation and density of the distribution of weight of the \(k\)-th largest player under the uniform distribution. We analyze t...
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Veröffentlicht in: | arXiv.org 2020-05 |
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Format: | Artikel |
Sprache: | eng |
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Zusammenfassung: | We investigate a class of weighted voting games for which weights are randomly distributed over the standard probability simplex. We provide close-formed formulae for the expectation and density of the distribution of weight of the \(k\)-th largest player under the uniform distribution. We analyze the average voting power of the \(k\)-th largest player and its dependence on the quota, obtaining analytical and numerical results for small values of \(n\) and a general theorem about the functional form of the relation between the average Penrose--Banzhaf power index and the quota for the uniform measure on the simplex. We also analyze the power of a collectivity to act (Coleman efficiency index) of random weighted voting games, obtaining analytical upper bounds therefor. |
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ISSN: | 2331-8422 |
DOI: | 10.48550/arxiv.1905.04261 |