If Voting Is Costly Yet It Has No Intrinsic Value

question 68

Multiple Choice

If voting is costly yet it has no intrinsic value, voting in an election:

• A)is a patriotic duty.
• B)is a dominant strategy.
• C)is a dominated strategy.
• D)is neither a dominated strategy nor a dominant strategy.

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Definitions:

Solver

A mathematical tool used to find the optimal solution to a problem by iteratively testing possible solutions.

Exponential Smoothing

A statistical technique for forecasting where recent observations are given progressively higher weights, reducing the importance of older data.

Forecast Error

The difference between the actual demand and the forecasted demand, indicating the accuracy of forecasting methods.

Moving Average

A statistical method used to analyze data points by creating a series of averages of different subsets of the full data set.