3 years ago

# The Optimal Majority Threshold as a Function of the Variation Coefficient of the Environment.

A.K.Loginov, Z.M. Lezina, V.A. Afonkin, V.A. Malyshev, P.Yu. Chebotarev, Ya.Yu. Tsodikova

Within the model of social dynamics determined by collective decisions in a stochastic environment (ViSE model), we consider the case of a homogeneous society consisting of classically rational economic agents (or homines economici, or egoists). We present expressions for the optimal majority threshold and the maximum expected capital increment as functions of the parameters of the environment. An estimate of the rate of change of the optimal threshold at zero is given, which is an absolute constant: $(\sqrt{2/\pi}-\sqrt{\pi/2})/2$.

Publisher URL: http://arxiv.org/abs/1801.06897

DOI: arXiv:1801.06897v1

You might also like
Discover & Discuss Important Research

Keeping up-to-date with research can feel impossible, with papers being published faster than you'll ever be able to read them. That's where Researcher comes in: we're simplifying discovery and making important discussions happen. With over 19,000 sources, including peer-reviewed journals, preprints, blogs, universities, podcasts and Live events across 10 research areas, you'll never miss what's important to you. It's like social media, but better. Oh, and we should mention - it's free.

Researcher displays publicly available abstracts and doesn’t host any full article content. If the content is open access, we will direct clicks from the abstracts to the publisher website and display the PDF copy on our platform. Clicks to view the full text will be directed to the publisher website, where only users with subscriptions or access through their institution are able to view the full article.