The consistency of offering “middle of the road” platforms with the median voter and rational ignorance concept. Concept Introduction: Rational ignorance is the decision that maximizes the utility to remain ignorant on a particular topic. If the action outweighs the opportunity cost of other actions then the decision is taken and if the cost remains short then the decision is not taken. There exist a theorem of median voters that states that “a majority rule voting system will select the outcome most preferred by the median voter".

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Problem 2. The planning committee for a renewable energy trade show is trying to decide what city to hold their next show in. The votes are shown below. Numbers of Voters 9 19 11 8 1st choice Buffalo Atlanta Chicago Buffalo 2nd choice Atlanta Buffalo Buffalo Chicago 3rd choice Chicago Chicago Atlanta Atlanta How many voters voted in this election? How many votes are needed for a majority? A plurality? Find the winner under the plurality method. Find the winner under the Borda Count Method. Find the winner under the Plurality with Elimination method. Find the winner under the Pairwise Comparison Voting method.

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Chapter 16, Problem 2.6PA

To determine

The consistency of offering “middle of the road” platforms with the median voter and rational ignorance concept.

Concept Introduction:

Rational ignorance is the decision that maximizes the utility to remain ignorant on a particular topic. If the action outweighs the opportunity cost of other actions then the decision is taken and if the cost remains short then the decision is not taken. There exist a theorem of median voters that states that “a majority rule voting system will select the outcome most preferred by the median voter".

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Problem 2. The planning committee for a renewable energy trade show is trying to decide what city to hold their next show in. The votes are shown below. Numbers of Voters 9 19 11 8 1st choice Buffalo Atlanta Chicago Buffalo 2nd choice Atlanta Buffalo Buffalo Chicago 3rd choice Chicago Chicago Atlanta Atlanta How many voters voted in this election? How many votes are needed for a majority? A plurality? Find the winner under the plurality method. Find the winner under the Borda Count Method. Find the winner under the Plurality with Elimination method. Find the winner under the Pairwise Comparison Voting method.

16_economics

Question 2 A problem with the median voter outcome is that it does not take into account intensity of preferences. Suppose that the government decided to give multiple votes to people with strong preferences, pro or con. Does this solve the problem? Why or why not?