Some Special Political Games
DOI link for Some Special Political Games
Some Special Political Games book
Game theory’s contribution is that instead of offering proposals on the basis of wishful thinking and vague propositions, it forces us to think about how people interact strategically when their actions are constrained by specific rules. Perhaps no class of strategic environments lies more at the heart of democratic processes than that of two-candidate elections, and from the Median Voter Theorem we have already seen how using the ideas of dominant strategies and Nash equilibria provides some understanding of the policy biases inherent in such elections. However, one of the important potential contributions of game theory is the analysis of alternative voting procedures. The Prisoners’ Dilemma also illuminates our understanding of such diverse processes as interest group politics, the imperatives of arms races, the sources of market failure, and even voting itself. Exploring the many nuances and forms of this dilemma, then, illustrates the variety of insights game-theoretic reasoning can provide.