On Rational Delegations in Liquid Democracy
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Liquid democracy is a proxy voting method where proxies are delegable. We propose and study a game-theoretic model of liquid democracy to address the following question: when is it rational for a voter to delegate her vote? We study the existence of pure-strategy Nash equilibria in this model, and how group accuracy is affected by them. We complement these results by means of simulations to study the effect of network structures on group's accuracy, and various aspects of the patterns of delegations that emerge in this type of interaction.
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