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A friend of yours plans to toss a fair coin 200 times. You watch the first 20 tosses and are surprised
That she got 15 heads. But then you get bored and leave. How many heads do you expect her to
Have when she has finished all 200 tosses?
Transitive Preferences
In decision theory, a preference system where if an individual prefers option A to B and B to C, then they also prefer A to C.
Condorcet Paradox
A situation in majority voting where collective preferences can be cyclical and inconsistent, despite the individual preferences being rational and transitive.
Preferred Spending
the allocation of financial resources towards goods, services, or investments that are most favored or prioritized by an individual or entity.
City Council
The legislative body that governs a city, town, or municipality, responsible for making and enforcing local laws and policies.
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