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Assuming that the proofs make perfect assumptions that exactly match real life, sure. "the down-winders would not vote unless they thought that vote mattered."
by infinity0 11y ago
Assuming that the proofs make perfect assumptions that exactly match real life, sure.
"the down-winders would not vote unless they thought that vote mattered." - this decision requires mental resources to make, and if the rational choice is too complex then many people wouldn't make it, breaking your assumptions.
Is there any research that tries to model the economic cost of coming to a "rational" decision (as defined by the voting game)?
- glenweyl 11y agoYes, in this paper (http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2571012 http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2571012) I also consider the case where people make mistakes. You can study equilibrium even in models where people are not perfectly rational.