Economics Game Theory Questions
In game theory, voting refers to the process of decision-making where individuals or groups express their preferences or choices on a particular issue or outcome. It involves a set of rules or mechanisms through which participants can express their opinions and collectively determine the outcome of a decision. Voting in game theory is often used to analyze situations where multiple players have conflicting interests and need to reach a consensus or make a collective choice. The concept of voting helps to understand how individuals strategically behave and make decisions based on their preferences and the potential outcomes of the voting process.