Suppose a council of three, Amy, Beth and Celine, will decide which movie will win 2023...
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Suppose a council of three, Amy, Beth and Celine, will decide which movie will win 2023 Oscar award for the best picture. There are three candidates: The Fabelmans, The Banshees of Inisherin and Women Talking. The preferences of the council people are as follows: RANKINGS 1 2 3 Amy The Fabelmans The Banshees of Inisherin Women Talking Beth The Banshees of Inisherin Women Talking The Fabelmans Celine Women Talking The Fabelmans The Banshees of Inisherin The members of the council have decided to have a two-round vote (that is, two movies goes against each other in the first round. The winner goes against the remaining movie in the second round. The winner of the second round wins the Oscar.) Beth is the chairperson of the council and she sets the agenda and wants The Banshees of Inisherin to be the winner. a. How should Beth set the agenda to achieve this outcome if she knows that everyone will vote truthfully in all rounds? That is, which movies will be voted in the first round, and in the second round which movie will be up for a vote against the winner of the first round? How will each player play and what will be the outcome of the election if everyone will vote truthfully in all rounds? Explain your answer clearly. b. Who has an incentive to misrepresent their preferences in part a. if everybody is allowed to vote strategically? How will players vote in each round and what will be the outcome of the election if everybody will vote strategically? Explain your answers clearly. Suppose a council of three, Amy, Beth and Celine, will decide which movie will win 2023 Oscar award for the best picture. There are three candidates: The Fabelmans, The Banshees of Inisherin and Women Talking. The preferences of the council people are as follows: RANKINGS 1 2 3 Amy The Fabelmans The Banshees of Inisherin Women Talking Beth The Banshees of Inisherin Women Talking The Fabelmans Celine Women Talking The Fabelmans The Banshees of Inisherin The members of the council have decided to have a two-round vote (that is, two movies goes against each other in the first round. The winner goes against the remaining movie in the second round. The winner of the second round wins the Oscar.) Beth is the chairperson of the council and she sets the agenda and wants The Banshees of Inisherin to be the winner. a. How should Beth set the agenda to achieve this outcome if she knows that everyone will vote truthfully in all rounds? That is, which movies will be voted in the first round, and in the second round which movie will be up for a vote against the winner of the first round? How will each player play and what will be the outcome of the election if everyone will vote truthfully in all rounds? Explain your answer clearly. b. Who has an incentive to misrepresent their preferences in part a. if everybody is allowed to vote strategically? How will players vote in each round and what will be the outcome of the election if everybody will vote strategically? Explain your answers clearly.
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Related Book For
Essentials of Business Analytics
ISBN: 978-1285187273
1st edition
Authors: Jeffrey Camm, James Cochran, Michael Fry, Jeffrey Ohlmann, David Anderson, Dennis Sweeney, Thomas Williams
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