EXERCISE 47.2 (Voting between three candidates) Suppose there are three candi- dates, A, B, and C. A tie for first place is possible in this case; assume that a citizen who prefers a win by x to a win by y ranks a tie between x and y between an outright win for x and an outright win for y. Show that a citizen's only weakly dominated action is a vote for her least preferred candidate. Find a Nash equilib- rium in which some citizen does not vote for her favorite candidate, but the action she takes is not weakly dominated.
EXERCISE 47.2 (Voting between three candidates) Suppose there are three candi- dates, A, B, and C. A tie for first place is possible in this case; assume that a citizen who prefers a win by x to a win by y ranks a tie between x and y between an outright win for x and an outright win for y. Show that a citizen's only weakly dominated action is a vote for her least preferred candidate. Find a Nash equilib- rium in which some citizen does not vote for her favorite candidate, but the action she takes is not weakly dominated.
Chapter1: Making Economics Decisions
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Transcribed Image Text:EXERCISE 47.2 (Voting between three candidates) Suppose there are three candi-
dates, A, B, and C. A tie for first place is possible in this case; assume that a citizen
who prefers a win by x to a win by y ranks a tie between x and y between an
outright win for x and an outright win for y. Show that a citizen's only weakly
dominated action is a vote for her least preferred candidate. Find a Nash equilib-
rium in which some citizen does not vote for her favorite candidate, but the action
she takes is not weakly dominated.
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