Game Theory Applied to Presidential Elections
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Game Theory Applied to Presidential Elections
http://expertvoices.nsdl.org/cornell-info204/2008/02/23/game-theory-applied-to-presidential-elections/
"This Fox Business article discusses how game theoretic strategies might be applied to voting for a president."
however, the original link was deleted so a blog post on the original discussion is posted.
"This Fox Business article discusses how game theoretic strategies might be applied to voting for a president."
however, the original link was deleted so a blog post on the original discussion is posted.
cpa475- Posts : 6
Join date : 2009-04-02
Re: Game Theory Applied to Presidential Elections
This is an excerpt from a book written by Steven Brams about presidential elections and decisions that are made by voters and candidates for a best possible outcome:
http://books.google.com/books?id=GTB6-OqHTPgC&dq=presidential+election+steven+brams&printsec=frontcover&source=bl&ots=oSS-cunhsV&sig=RPoO-5zqvglSm93TZBNtp7vhH1k&hl=en&ei=-G3-Sc6mFZeuNYH_iNEE&sa=X&oi=book_result&ct=result&resnum=3#PPA98,M1
On page 98, talk of the best response of a republican candidate in the respective situation is discussed. In this case, it is in the best interest of the republican to "outspend democratic counterpart in the 3 smallest states, and to underspend democratic counterpart in the 2 largest states. This can be related to a best response, Nash equilibrium as proposed in game theory. Presidential elections are a huge application of game theory. Candidate always want to allocate resources and make decisions in a best response to those decisions made by his/her opponent.
http://books.google.com/books?id=GTB6-OqHTPgC&dq=presidential+election+steven+brams&printsec=frontcover&source=bl&ots=oSS-cunhsV&sig=RPoO-5zqvglSm93TZBNtp7vhH1k&hl=en&ei=-G3-Sc6mFZeuNYH_iNEE&sa=X&oi=book_result&ct=result&resnum=3#PPA98,M1
On page 98, talk of the best response of a republican candidate in the respective situation is discussed. In this case, it is in the best interest of the republican to "outspend democratic counterpart in the 3 smallest states, and to underspend democratic counterpart in the 2 largest states. This can be related to a best response, Nash equilibrium as proposed in game theory. Presidential elections are a huge application of game theory. Candidate always want to allocate resources and make decisions in a best response to those decisions made by his/her opponent.
Tyler Davidov- Posts : 28
Join date : 2009-04-05
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