Different versions of a bill appear before a committee

Assignment Help Other Subject

Reference no: EM13505965

Suppose that three different versions of a bill (A, B, and C) appear before a committee of 12 people. Four people prefer version A to version B to Version C. Four people prefer version B to version C to version A. Four people prefer version C to version A to Version B. Because there is no majority, the chair of the committee will first hold a vote between two of the alternatives, then the winner of this vote will face the remaining bill version. Show using game theory that if people vote their preferences, the chair effectively chooses which version will be the winner.

HAS TO BE 250-350 WORDS.

Reference no: EM13505965

Questions Cloud

Driven by both reaction and instinct-impulsive acts : Impulsive acts are described as those acts that are driven by both reaction and instinct, whereas deliberate or thoughtful acts are described as actions that are preceded by rational thought and followed by a decision that leads to an action.

Assumption that the state should regulate economic policy : Keynesian economists begin with the assumption that the state should regulate economic policy for everyone's benefit. Why might sociologists who use market-oriented theories be critical of this idea?

Describe and analyze different approaches to gangs : Describe and analyze different approaches to gangs. Analyze the conditions under which a specific policy or program might be most effective, and the resources required.

Human resources management theory : According to human resources management theory, which of the following is central to a company's competitiveness? a. employee dedication to the company and its product b. a company mascot c. employee autonomy from the company d. telecommuting e. bott..

Different versions of a bill appear before a committee : Suppose that three different versions of a bill (A, B, and C) appear before a committee of 12 people. Four people prefer version A to version B to Version C. Four people prefer version B to version C to version A.

Explain the dramatic difference in willingness : What might explain (theories) the dramatic difference in willingness to move around between Russians and Europeans in general, and Canadians and Americans? Be sure to include a discussion of networks and the reasons for the differences in the network..

Partner violence from theortical and assessment perspective : Complete an Internet Search to identify what is known about intimate partner violence from a theortical and assessment perspective? What assumptions are you making about this family? Provide Data, information and oberservations to draw your perspec..

Problem for private-value auctions : Explain the nature of the winners curse and why it occurs in a common-value auction. Why is the winners curse not a problem for private-value auctions?

Long history of terrorism against : Do you believe that societies which have a long history of terrorism against its people such as Somalia or Egypt or Syria can ever be brought to the pConsider a business in which units take time to produce and storage can be expensive.

User Account

All Pages