Alright, so now let's see how the order of the voting agenda is going to affect the outcomes of the vote, okay? So if we're policyholders or we're the policymakers, we might have certain agendas, right? Maybe we want A to win. Personally, we want A to win so we can manipulate the order of the vote to force A to come out on top. So let's see what happens here. If we want A to win, well the first thing we're going to want to do is we're going to want to get rid of C, right? Because if we look above, C beats A, right? C versus A, C won the vote. So the first thing we want to do is we want to vote between B versus C, right? And as we saw above, when B went against C, well B was the agenda that came out on top, right? So B wins in that case. So now that B won, C is off the table. C is no longer being voted for because B was preferred. So now we set a vote of A versus B, right? And now if we go A versus B, look what happens up above. We already figured this out and we saw that A wins, right? So A wins and that knocks out B and A becomes the policy that gets instated, right? A wins the overall vote and becomes the policy. Alright, let me get out of the way here and let's see what we would do if we want C to win, alright? Let's see what we want to do if C wins. So, notice if we go B versus C up here, if we're doing the B versus C, B is going to beat C. So we need to get rid of B first. So the first vote we want to do is A versus B. If we do A versus B, well, who's going to win in A versus B? A wins, right? So B is off the table, B is no longer being voted on and now we can do the vote of A versus C or as we have it written above, C versus A and the outcome there is that C wins, okay? So we can use this knowledge or at least politicians can use this knowledge to their advantage when they're setting the voting agenda to get their policies to be the ones that go through, alright? So another conclusion we see here is that majority voting by itself does not necessarily provide the outcomes that society wants, right? It's not just going to create the right outcomes. Majority voting can be manipulated just as we saw above. Alright? So let's go ahead and pause here and move on to the next video.
- 0. Basic Principles of Economics1h 5m
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- 17. Asymmetric Information, Voting, and Public Choice39m
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17. Asymmetric Information, Voting, and Public Choice
Condorcet Voting Paradox
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