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Re:Quadratic Voting (2014) by glenweyl on Saturday May 02, 2015 @05:02PM (#9478556)
The equity issues you all are raising are very important, but death with in detail here: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2343956. The simplest solution is just to use an artificial currency that everyone is given equal amounts of but can spread over the decisions most important to them. In this piece with Rory Sutherland we discuss this: http://www.spectator.co.uk/features/9512322/humans-are-doing...
Re:Quadratic Voting (2014) by sytelus on Saturday May 02, 2015 @11:51PM (#9479777)
There seem to be one big issue with this voting system. It allows variable number of votes per individual but how does an individual choose how much cost to take and exactly how much to vote? I think it is a fallacy to assume that individual would set the number of votes depending on how important they think is the issue. Instead they must speculate how others would vote and optimize their cost accordingly. For example, an individual may depend on wrong information to arrive at conclusion that everyone is in agreement with him/her sentiment and decide to spend less even though they deeply care about specific outcome. Mean while a small group might be secretly conspiring and spends huge sums to win their desired outcome. I would suspect that this voting system would promote speculation based market which can be easily manipulated by either asymmetric information or incorrect information by a small group.

Another thing to think about is too many small minority groups. So for instance, assume there are N questions to vote for and for each of these questions, we have a significant minority group that deeply cares about specific outcome. At some point, because of required increased expenditure, wouldn't votes for all questions favor minority sentiment?

I think we have to understand that while there is a dark side to "tyranny-of-majority", there is an important bright side too: It shields from scenarios where small group of radicals take over the system because they deeply care about their ideas that are not good for majority.

Re:Quadratic Voting (2014) by ericposner on Sunday May 03, 2015 @12:16PM (#9481868)
People in each minority group will also care about issues outside their group. Gun owners care about safety net levels. Gay people care about the environment. Family-values types care about crime. So people won't use all their credits or dollars for single issues. That is the logic of the quadratic function; marginal votes even for something you care a lot about will be too expensive unless used for something else.
Re:Quadratic Voting (2014) by jmckib on Sunday May 03, 2015 @06:42AM (#9480798)
They address this issue in the paper, "Voting Squared: Quadratic Voting in Democratic Politics", page 32:

> QV works best with a large number of voters: the more voters there are, the more accurately the system works. QV’s efficiency relies on all voters perceiving the chance of their changing the outcome with an additional vote as the same. When the number of voters is large, such a perception is (approximately) accurate. If it is small, it is less so. With a small population, it becomes possible for people to have different perceptions about the likelihood that an additional vote will change the outcome (that is, the likelihood that there would otherwise be a tie, in which case an additional vote is pivotal). For example, in a small group that consists of a number of moderate voters on one side of an issue, and an extreme voter on the other side, the extreme voter will believe that a tie is less likely than the moderate voters will believe. The moderate voters assume that all voters are (on average) moderate and so discount the possibility that anyone is extreme, while the extreme voter knows that this is not the case because she knows that she is an outlier. If the extreme voter cares more about the issue than the moderate voters in aggregate, she will buy fewer votes relative to her utility than is socially desirable and QV will suffer the same bias towards the majority that other democratic procedures entail, though in a less severe form. If the situation were reversed and the extreme voter cared less than the three others in total, a reversed failure could occur. The three voters are overconfident and expect to win easily, but the extremist knows that, because of her strong preferences and thus her willingness to buy many votes, a tie is more likely than it appears. In this case, QV could lead to dictatorship in the same manner as standard vote buying. Despite this, simulation evidence indicates that QV almost always outperforms majority rule.

Re:Quadratic Voting (2014) by glenweyl on Sunday May 03, 2015 @08:29AM (#9481030)
You are absolutely right that QV can create speculative dynamics like a market place. Almost everything about QV is similar to the market mechanism. But do you really think that there are many cases where you would prefer rationing, effectively what one-person-one-vote does, to a marketplace? Marketplaces are imperfect in all sorts of ways, but few think communism worked better. Markets have natural self-correcting features that rationing does not. While speculation can occur, it creates natural incentives for those on the opposite side to offset it. I discuss this in some quantitative detail in this paper: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2571012
Re:Quadratic Voting (2014) by sytelus on Sunday May 03, 2015 @12:10AM (#9479869)
For people, who are new to HN, do not use downvotes to express your disagreement with author. Use them if the comment was off track, spam, bad mannered or in general not adding any value whatsoever.
Re:Quadratic Voting (2014) by thomasahle on Sunday May 03, 2015 @06:56AM (#9480833)
That is what I thought as well, until this thread happened https://news.ycombinator.com/item?id=9237644 Apparently it is the official HN policy that up/down voting is for agreement/disagreement. :-(
Re:Quadratic Voting (2014) by Frozenlock on Sunday May 03, 2015 @09:18PM (#9483835)
And downvoted posts become impossible to read unless you use a custom CSS.

Nice.

Then I wonder why HN sounds like a cult on some subjects...

Re:Quadratic Voting (2014) by rattray on Wednesday May 06, 2015 @04:12AM (#9497190)
@dang, if you're listening, I think this may be the majority perception (it was certainly mine). At the risk of a giant, raging debate, it may be worth starting a long-running discussion on this amongst the HN community. Possibly with real voting and everything. Dare I suggest - quadratic voting?
Re:Quadratic Voting (2014) by jmckib on Saturday May 02, 2015 @08:11PM (#9479124)
Hi Glen, I mentioned this in another comment, but copying here because I'd like to hear your thoughts on it:

> If enough people are participating in a vote, then the cost of voting (e.g., research + going to polling station) outweighs the benefit (possibility of changing the outcome). The cost of voting is roughly fixed, while the benefit decreases rapidly as the number of participants grows.

Does quadratic voting address this, or are there other ideas you've heard of that address that problem?

Re:Quadratic Voting (2014) by glenweyl on Saturday May 02, 2015 @09:18PM (#9479336)
Fantastic question. QV does not really address this much; at a quantitative level you are right that it reduces the problem a bit, but you can't beat those asymptotic properties you highlight. The right solution is representative bodies (or random samples). Great work on this by Jerry Green and Jean-Jacques Laffont: http://link.springer.com/article/10.1007%2FBF01718517?LI=tru... If you make the set of deciders smaller this starts to go away. This is arguably the fundamental justification for representative rather than direct democracy. There is a nice property we believe QV has that we (myself and Richard Zeckhauser) are working to prove which is that if you have representatives elected via QV and then those representatives use QV to vote you get efficiency in a hierarchical fashion. So while I don't think QV directly solves this issue, I think it fits nicely into a broader system that does.
Re:Quadratic Voting (2014) by jmckib on Saturday May 02, 2015 @10:18PM (#9479519)
Thanks for answering my question! I hadn't thought of using random samples. So maybe a good solution is QV for representatives, with only a small random sample of the population being able to vote. The representatives should also use QV, of course.

I just read a big chunk of your paper "Voting Squared: Quadratic Voting in Democratic Politics", and I really enjoyed it. For a long time I've wanted to do an open source project related to characterizing an optimal government, or at least simulating the outcomes you could expect from different types of governments. If you know of a useful way to go about doing this I'd love to hear it.

By the way, I reside in a coliving space with 50+ people, and we've struggled with voting on certain issues that minority groups feel strongly about. I will definitely be suggesting QV!

Re:Quadratic Voting (2014) by lazzlazzlazz on Saturday May 02, 2015 @07:17PM (#9478933)
And in this moment, VoteCoin was born.
Re:Quadratic Voting (2014) by tgbrter on Sunday May 03, 2015 @06:07AM (#9480709)
How do you mine it?
Re:Quadratic Voting (2014) by notahacker on Sunday May 03, 2015 @08:19AM (#9481000)
The "artificial currency" would ensure votes accurately reflect the importance an individual attaches to an issue relative to other votes, but in practice this gives significantly more "voting power" to groups which seldom participate in votes, even where it is difficult to believe the intensity of their preferences are stronger. Given a fixed budget to be used over a number of votes, an essentially apolitical person told by their community leader to use all their votes in opposing a particular issue they know little about will have more influence on the outcome than a highly-informed, politically-motivated and civic minded regular referendum participant, yet it's difficult to argue the absolute intensity of the preference of the regular voter is lower (this is of course related to the standard welfare economics criticism of cardinal utilities).

This isn't a problem if the individuals apportioning their vote budget are similarly-highly-motivated legislators prioritising from a known raft of policies whilst being well informed about which initiatives are most likely to meet with strong opposition (though it significantly advantages parties able to coordinate the efficient distribution of their votes). Probably they can handle the complexities of a voting budget that compensates the losers too.

But for a broader electorate that doesn't excel in performing stochastic optimisation problems, doesn't have good intelligence to help them vote tactically, doesn't know what future votes might be, the quadratic nature of the voting system doesn't deal with the problem of budgeted and secret voting being a game of iterated prisoners' dilemma; it might even intensify the problems.

It's not too difficult to devise a scenario in which it actually makes the "tyranny of the majority" problem worse: a minority of bigots wish very strongly to enact a law against a minority of regular targets. The disinterested majority wishes to avoid diluting their future voting power by participating, whilst the victimised minority wishes to hold back some of their voting power to avoid being disenfranchised when faced with conceivable future bullying initiatives[1]. In a secret ballot, the bigots can conceivably win if the groups are a similar size (even if they can subsequently reverse the decision)

[1]This is mitigated if the losers get their own votes back as compensation, but actually worsened if they get higher compensation, in which case optimum strategy in a iterated electoral battle is to win by the narrowest possible margin, whilst voting for something incredibly unpopular is a practical way to increase your future influence.

Re:Quadratic Voting (2014) by glenweyl on Sunday May 03, 2015 @08:26AM (#9481022)
I cannot completely follow this scenario, but if you can write it up as an actual equilibrium analysis I would be fascinated to see this. I have worked very hard to come up with cases where QV does worse than one-person-one-vote and have never found a case where it occurred by a significant margin. But your basic point, that allowing exchange with a broader set of goods to make sure that if all voting is more valued by people they can have more overall voting influence, is something I very much agree with and why I think that while artificial currency is an improvement over one-person-one-vote eventually using cash will be better.
Re:Quadratic Voting (2014) by notahacker on Sunday May 03, 2015 @10:01AM (#9481304)
To be honest the premise of my argument is that a static equilibrium wouldn't be reached given uncertainty about others' preferences, risk aversion and a multi-stage game, but here's a simple edge case scenario

Imagine a scenario in which there are N Jews, N neoNazis (for simplicity: example works if the Jews simply believe the number of Nazis is approximately equal) and yN ordinary citizens. Each individual in those groups has an equal budget to distribute between initiatives V(1)...V(X), where X > 2.

neoNazis desire a "yes" vote for both initiatives V(1) and V(2) - let's call them "internment" and "pogroms" - so strongly that they are (or are believed to be) willing to forego all votes on initiatives V(3)...V(X) to pass them

Jews have similarly strong views on not being interned or the victim of pogroms, but in the absence of adequate information on how the neoNazis will use their votes cannot be assured of allocating their voting budget between V(1) and V(2) in a way sufficient to negate the votes of the neoNazis on both issues. (Note also that the existential threat posed by V(1) and V(2) sitting on the [future] referendum list also deters the Jews from using part of their budget to influence votes on V(3)...V(X) in ways which might improve their individual utilities)

If ordinary citizens have a preference for a "no" vote which would be sufficiently strong for them to vote against it in a regular referendum, but insufficiently strong for them to allocate voting budget that could otherwise purchase decisions on initiatives V(3)...V(X) the moderate majority will not provide the same bulwark against extremism as they do under a 1 person 1 vote system. If all or most Jews decide that pogroms are significantly worse than incarceration and are sufficiently risk averse to warrant allocating all their budget to eliminate the possibility of an equal number of Nazis enacting V(2), it's surprisingly easy and inexpensive in terms of voting budget for the Nazis to pass V(1). The only way I can see the Jews avoiding both initiatives being passed is to put the neoNazis on the defensive with an equally vicious anti-Nazi counter-proposal - assuming Nazis can be targeted as effectively as Jews - but I'm not convinced that mutually assured destruction is the ideal way of resolving voting conflicts.

Unfortunately, this also applies to less extreme examples where balloting is secret and intentions uncertain: in order to shift the Nash equilibrium of a particular proposal in your favour you simply raise the spectre of an [additional, and credible] proposal you anticipate your adversaries will like even less.

Re:Quadratic Voting (2014) by glenweyl on Sunday May 03, 2015 @10:59AM (#9481502)
This is why there is a nominating procedure. I don't think this is a great forum for hashing this all out without a white board, but I would be happy to do it with a whiteboard. I think I could persuade you that there is no case where this can happen in an equilibrium of any model, including with uncertainty about preferences, risk-aversion, etc. to a significant extent and over a reasonable range of cases more than happens in 1p1v. One has to average over a reasonable range of cases to compare different systems. 1p1v can extremely easily lead to a nazi equilibrium as we have seen in practice: http://en.wikipedia.org/wiki/First_they_came_...
Re:Quadratic Voting (2014) by tomrod on Saturday May 02, 2015 @06:38PM (#9478830)
Glen good to see you around HN.

One question that comes to mind is whether quadratic voting is the best improvement. I look forward to giving this a read.

Re:Quadratic Voting (2014) by glenweyl on Saturday May 02, 2015 @09:23PM (#9479352)
What Lalley and I (http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2003531) prove is that QV is provably the only system of vote pricing that gives you efficiency always, so in some sense it is the best possible improvement, at least the best one that is robust. In more narrow circumstances in finite populations you can do better probably, but it requires a fair bit of detailed knowledge of the situation and a lot of complexity.
Re:Quadratic Voting (2014) by ClayShentrup on Wednesday May 06, 2015 @01:18AM (#9496715)
That Spectator piece is basically 100% false. Here's an explanation from a Princeton math PhD with expertise in voting system design.

http://scorevoting.net/BogusBeeQV.html