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Maximal Lottery
Maximal lotteries are a probabilistic voting rule that use ranked ballots and returns a lottery over candidates that a majority of voters will prefer, on average, to any other.P. C. Fishburn. ''Probabilistic social choice based on simple voting comparisons''. Review of Economic Studies, 51(4):683–692, 1984. In other words, in a series of repeated head-to-head matchups, voters will (on average) prefer the results of a maximal lottery to the results produced by any other voting rule. Maximal lotteries satisfy a wide range of desirable properties: they elect the Condorcet winner with probability 1 if it exists and never elect candidates outside the Smith set. Moreover, they satisfy reinforcement,F. Brandl, F. Brandt, and H. G. SeedigConsistent probabilistic social choice Econometrica. 84(5), pages 1839-1880, 2016. participation,F. Brandl, F. Brandt, and J. HofbauerWelfare Maximization Entices Participation Games and Economic Behavior. 14, pages 308-314, 2019. and independence of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fractional Social Choice
Fractional, stochastic, or weighted social choice is a branch of social choice theory in which the collective decision is not a single alternative, but rather a weighted sum of two or more alternatives. For example, if society has to choose between three candidates (A, B, or C), then in standard social choice exactly one of these candidates is chosen. By contrast, in fractional social choice it is possible to choose any linear combination of these, e.g. "2/3 of A and 1/3 of B". A common interpretation of the weighted sum is as a lottery, in which candidate A is chosen with probability 2/3 and candidate B is chosen with probability 1/3. The rule can also be interpreted as a recipe for sharing, for example: * Time-sharing: candidate A is (deterministically) chosen for 2/3 of the time while candidate B is chosen for 1/3 of the time. * Budget-distribution: candidate A receives 2/3 of the budget while candidate B receives 1/3 of the budget. * Fair division with different entitlements ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monotonicity Criterion
Electoral system criteria In social choice, the negative response, perversity, or additional support paradox is a pathological behavior of some voting rules where a candidate loses as a result of having too much support (or wins because of increased opposition). In other words, increasing (decreasing) a candidate's ranking or rating causes that candidate to lose (win), respectively. Electoral systems that do not exhibit perversity are sometimes said to satisfy the monotonicity criterion.D R Woodall"Monotonicity and Single-Seat Election Rules" '' Voting matters'', Issue 6, 1996 Perversity is often described by social choice theorists as an exceptionally severe kind of electoral pathology, as such rules can have "backwards" responses to voters' opinions, where popularity causes defeat while unpopularity leads to a win. Similar rules treat the well-being of some voters as "less than worthless". These issues have led to constitutional prohibitions on such systems as violating ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Condorcet Winner
A Condorcet winner (, ) is a candidate who would receive the support of more than half of the electorate in a one-on-one race against any one of their opponents. Voting systems where a majority winner will always win are said to satisfy the Condorcet winner criterion. The Condorcet winner criterion extends the principle of majority rule to elections with multiple candidates. Named after Nicolas de Condorcet, it is also called a majority winner, a majority-preferred candidate, a beats-all winner, or tournament winner (by analogy with round-robin tournaments). A Condorcet winner may not necessarily always exist in a given electorate: it is possible to have a rock, paper, scissors-style cycle, when multiple candidates defeat each other (Rock < Paper < Scissors < Rock). This is called , and is analogous to the counterintuitive [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minimax Strategy
Minimax (sometimes Minmax, MM or saddle point) is a decision rule used in artificial intelligence, decision theory, combinatorial game theory, statistics, and philosophy for ''minimizing'' the possible loss for a worst case (''max''imum loss) scenario. When dealing with gains, it is referred to as "maximin" – to maximize the minimum gain. Originally formulated for several-player zero-sum game theory, covering both the cases where players take alternate moves and those where they make simultaneous moves, it has also been extended to more complex games and to general decision-making in the presence of uncertainty. Game theory In general games The maximin value is the highest value that the player can be sure to get without knowing the actions of the other players; equivalently, it is the lowest value the other players can force the player to receive when they know the player's action. Its formal definition is: :\underline = \max_ \min_ Where: * is the index of the playe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nash Equilibrium
In game theory, the Nash equilibrium is the most commonly used solution concept for non-cooperative games. A Nash equilibrium is a situation where no player could gain by changing their own strategy (holding all other players' strategies fixed). The idea of Nash equilibrium dates back to the time of Cournot, who in 1838 applied it to his model of competition in an oligopoly. If each player has chosen a strategy an action plan based on what has happened so far in the game and no one can increase one's own expected payoff by changing one's strategy while the other players keep theirs unchanged, then the current set of strategy choices constitutes a Nash equilibrium. If two players Alice and Bob choose strategies A and B, (A, B) is a Nash equilibrium if Alice has no other strategy available that does better than A at maximizing her payoff in response to Bob choosing B, and Bob has no other strategy available that does better than B at maximizing his payoff in response to Alice c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Skew-symmetric Matrix
In mathematics, particularly in linear algebra, a skew-symmetric (or antisymmetric or antimetric) matrix is a square matrix whose transpose equals its negative. That is, it satisfies the condition In terms of the entries of the matrix, if a_ denotes the entry in the i-th row and j-th column, then the skew-symmetric condition is equivalent to Example The matrix A = \begin 0 & 2 & -45 \\ -2 & 0 & -4 \\ 45 & 4 & 0 \end is skew-symmetric because A^\textsf = \begin 0 & -2 & 45 \\ 2 & 0 & 4 \\ -45 & -4 & 0 \end = -A . Properties Throughout, we assume that all matrix entries belong to a field \mathbb whose characteristic is not equal to 2. That is, we assume that , where 1 denotes the multiplicative identity and 0 the additive identity of the given field. If the characteristic of the field is 2, then a skew-symmetric matrix is the same thing as a symmetric matrix. * The sum of two skew-symmetric matrices is skew-symmetric. * A scalar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zero-sum Game
Zero-sum game is a Mathematical model, mathematical representation in game theory and economic theory of a situation that involves two competition, competing entities, where the result is an advantage for one side and an equivalent loss for the other. In other words, player one's gain is equivalent to player two's loss, with the result that the net improvement in benefit of the game is zero. If the total gains of the participants are added up, and the total losses are subtracted, they will sum to zero. Thus, Fair cake-cutting, cutting a cake, where taking a more significant piece reduces the amount of cake available for others as much as it increases the amount available for that taker, is a zero-sum game if marginal utility, all participants value each unit of cake equally. Other examples of zero-sum games in daily life include games like poker, chess, sport and Contract bridge, bridge where one person gains and another person loses, which results in a zero-net benefit for every ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nash Equilibria
In game theory, the Nash equilibrium is the most commonly used solution concept for non-cooperative games. A Nash equilibrium is a situation where no player could gain by changing their own strategy (holding all other players' strategies fixed). The idea of Nash equilibrium dates back to the time of Cournot, who in 1838 applied it to his model of competition in an oligopoly. If each player has chosen a strategy an action plan based on what has happened so far in the game and no one can increase one's own expected payoff by changing one's strategy while the other players keep theirs unchanged, then the current set of strategy choices constitutes a Nash equilibrium. If two players Alice and Bob choose strategies A and B, (A, B) is a Nash equilibrium if Alice has no other strategy available that does better than A at maximizing her payoff in response to Bob choosing B, and Bob has no other strategy available that does better than B at maximizing his payoff in response to Alice ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minimax
Minimax (sometimes Minmax, MM or saddle point) is a decision rule used in artificial intelligence, decision theory, combinatorial game theory, statistics, and philosophy for ''minimizing'' the possible loss function, loss for a Worst-case scenario, worst case (''max''imum loss) scenario. When dealing with gains, it is referred to as "maximin" – to maximize the minimum gain. Originally formulated for several-player zero-sum game theory, covering both the cases where players take alternate moves and those where they make simultaneous moves, it has also been extended to more complex games and to general decision-making in the presence of uncertainty. Game theory In general games The maximin value is the highest value that the player can be sure to get without knowing the actions of the other players; equivalently, it is the lowest value the other players can force the player to receive when they know the player's action. Its formal definition is: :\underline = \max_ \min_ W ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ron Rivest
Ronald Linn Rivest (; born May 6, 1947) is an American cryptographer and computer scientist whose work has spanned the fields of algorithms and combinatorics, cryptography, machine learning, and election integrity. He is an Institute Professor at the Massachusetts Institute of Technology (MIT), and a member of MIT's Department of Electrical Engineering and Computer Science and its Computer Science and Artificial Intelligence Laboratory. Along with Adi Shamir and Len Adleman, Rivest is one of the inventors of the RSA algorithm. He is also the inventor of the symmetric key encryption algorithms RC2, RC4, and RC5, and co-inventor of RC6. (''RC'' stands for "Rivest Cipher".) He also devised the MD2, MD4, MD5 and MD6 cryptographic hash functions. Education Rivest earned a bachelor's degree in mathematics from Yale University in 1969, and a Ph.D. degree in computer science from Stanford University in 1974 for research supervised by Robert W. Floyd. Career At MIT, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peter C
Peter may refer to: People * List of people named Peter, a list of people and fictional characters with the given name * Peter (given name) ** Saint Peter (died 60s), apostle of Jesus, leader of the early Christian Church * Peter (surname), a surname (including a list of people with the name) Culture * Peter (actor) (born 1952), stage name Shinnosuke Ikehata, a Japanese dancer and actor * Peter (1934 film), ''Peter'' (1934 film), a film directed by Henry Koster * Peter (2021 film), ''Peter'' (2021 film), a Marathi language film * Peter (Fringe episode), "Peter" (''Fringe'' episode), an episode of the television series ''Fringe'' * Peter (novel), ''Peter'' (novel), a 1908 book by Francis Hopkinson Smith * Peter (short story), "Peter" (short story), an 1892 short story by Willa Cather * Peter (album), ''Peter'' (album), a 1972 album by Peter Yarrow * ''Peter'', a 1993 EP by Canadian band Eric's Trip * "Peter", 2024 song by Taylor Swift from ''The Tortured Poets Department, The Tort ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
