Weighted Voting Systems Concepts

The video tutorial introduces weighted voting, explaining how it assigns different influence levels to voters based on their shares. It covers the shorthand form of weighted voting, the concept of quota, and the roles of dictator, veto power, and dummy players. Examples illustrate these concepts, showing how different voting systems can be structured and analyzed.

What is the primary purpose of a weighted voting system?

• To eliminate the need for voting

• To give some voters more influence based on certain criteria

• To simplify the voting process

• To ensure equal voting rights for all

In a corporate setting, what determines a shareholder's voting weight?

• The number of shares they own

• Their position in the company

• The length of their tenure

• Their age

What is the quota in a weighted voting system?

• The maximum number of votes a player can have

• The minimum weight needed for a proposal to pass

• The total number of players

• The average weight of all players

In the example of the company with five shareholders, what is the initial quota set at?

• 51

• 55

• 50

• 60

What defines a player as a dictator in a weighted voting system?

• Having the least weight among players

• Having a weight equal to or greater than the quota

• Being able to veto any proposal

• Being the oldest player

What is veto power in a weighted voting system?

• The power to remove other players

• The necessity of a player's support to reach the quota

• The ability to approve any proposal

• The ability to change the quota

What makes a player a dummy in a weighted voting system?

• They are the only player with veto power

• They can block any proposal

• They have the highest weight

• Their vote is never essential to reach the quota

In the review example, how many players are there in the first weighted voting system?

• Two

• Three

• Four

• Five

What is the total number of votes in the second example of the weighted voting system?

• 25

• 35

• 30

• 20

If at least 2/3 of the votes are required to pass a motion, what would the quota be?

• 22

• 23

• 21

• 20