Voting as a lottery

Voting for a Lottery

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Choosing Representatives by Lottery Voting

The Discursive Dilemma as a Lottery Paradox

List and Pettit have stated an impossibility theorem about the aggregation of individual opinion states. Building on recent work on the lottery paradox, this paper offers a variation on that result. The present result places different constraints on the voting agenda and the domain of profiles, but it covers a larger class of voting rules, which need not satisfy the proposition-wise independence

The Employment Contract as a Lottery

The existing principal-agent models either assume that the agent is risk-averse or risk-neutral. However, in reality people appear to value insurance in some situations while enjoy risk in others. This paper revisits the standard principal-agent problem under the assumption that the agent’s preferences can be described by a utility function proposed by Friedman and Savage (1948) to capture the ...

Electronic Lottery Tickets as Micropayments

We present a new micropayment scheme based on the use of “electronic lottery tickets.” This scheme is exceptionally efficient since the bank handles only winning tickets, instead of handling each micro-