Analytical expression of the expected values of capital at voting in the stochastic environment

Analytical expression of the expected values of capital at voting in the stochastic environment

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Article ID: iaor20062369
Country: Germany
Volume: 67
Issue: 3
Start Page Number: 480
End Page Number: 492
Publication Date: Mar 2006
Journal: Automation and Remote Control
Authors:
Abstract:

In the simplest variant of the model of collective decision making in the stochastic environment, the participants were segregated into egoists and a group of collectivists. ‘Proposal of the environment’ is the stochastically generated vector of algebraic increments of capitals. The social dynamics was defined by the sequence of proposals accepted by threshold-majority voting. Analytical expressions of the expected values of the capitals of participants, collectivists and egoists were obtained. Distinctions of some principles of group voting were discussed.

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