So the concept of “redistributing equally” gets kind of complicated.
Ah yes, you’re right in redistributing the 50 tokens when refunding the winners in the same proportion is tricky. Probably necessitates being able to have fractional tokens so you can refund someone 0.1 token or something like that. I imagine it will be very simple for the losing choices.
Also, I don’t mean a regular Dutch auction, I mean a blind one where all bidders submit their bid at once (like an election). My understanding of a blind Dutch auction is that it resolves this “people don’t bid because they don’t think they could win” result in general auctions.
This was absolutely an intuitive suggestion from reading about voting theory and auctions, you’ve got a much deeper understanding of the VT maths than I do. I do think that thinking about elections like an auction for a decision can be a useful way of thinking about it, but I don’t have professional experience with this beyond helping to design some videogame economies. Don’t take this as any kind of standard suggestion—just mine :)
Ah yes, you’re right in redistributing the 50 tokens when refunding the winners in the same proportion is tricky. Probably necessitates being able to have fractional tokens so you can refund someone 0.1 token or something like that. I imagine it will be very simple for the losing choices.
Also, I don’t mean a regular Dutch auction, I mean a blind one where all bidders submit their bid at once (like an election). My understanding of a blind Dutch auction is that it resolves this “people don’t bid because they don’t think they could win” result in general auctions.
This was absolutely an intuitive suggestion from reading about voting theory and auctions, you’ve got a much deeper understanding of the VT maths than I do. I do think that thinking about elections like an auction for a decision can be a useful way of thinking about it, but I don’t have professional experience with this beyond helping to design some videogame economies. Don’t take this as any kind of standard suggestion—just mine :)