Shared May 29, 2013
Do you think that a majority vote is always the fairest way to reach a consensus? Think again! In this Learn Liberty video, Professor Diana Thomas illustrates a paradoxical outcome that arises when people vote on three or more items -- known as Condorcet's Paradox -- and proves that it is quite easy for a savvy politician to manipulate the voting process in this scenario.
Condorcet's paradox occurs when a vote is taken on a set of three options that nobody ranks in the same order. Even though a vote of two of the options may yield a consistent winner, it's impossible to achieve a consistent outcome between all three choices. Usually, a majority vote is taken on only two options, so whoever gets to choose which two options are on the table (known as the agenda setter) has the power to dictate the winner of the vote.
Is this voting system fair? Is there a fair way to organize a vote? Discuss below!
Does Government Create Jobs?
Why The US Has No High-Speed Rail
Voting Systems and the Condorcet Paradox | Infinite Series
The truth about global warming
Business Cycles Explained: Keynesian Theory
Why Do Politicians All Sound the Same?
Milton Friedman Crushes Man's 3 Questions like Dixie Cups
Median Voter Theorem Animation
5 Inequality Myths
Free Market Economics: Charity vs. Taxation – What is the Difference? Extended Cut - Learn Liberty
What If There Were No Prices? The Railroad Thought Experiment
What Happens When Democrats Run Your State?