Asked by Kevin Lawson on May 03, 2024
Verified
Suppose that in a series of paired-choice votes, a new park is preferred to a new recreation center and a new recreation center is preferred to street widening. Also suppose that street widening is preferred to a new park. This set of votes is an example of the
A) principal-agent problem.
B) benefits-received principle.
C) median-voter model.
D) paradox of voting.
Paradox Of Voting
A situation in democratic decision-making where rational individual choice can lead to an outcome that seems irrational or suboptimal for the group.
Principal-Agent Problem
A dilemma in economics where one party (the agent) is expected to act in the best interest of another party (the principal) but may have a conflict of interest.
Paired-Choice Votes
Paired-choice votes involve voters making choices between pairs of candidates or options rather than voting for a single option amongst many.
- Comprehend the voting paradox and its impact on the formulation of policies and public preferences.
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Learning Objectives
- Comprehend the voting paradox and its impact on the formulation of policies and public preferences.
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