Conventional democratic institutions aggregate preferences poorly. The norm of one-person\u2013one-vote with majority rule treats people fairly by giving everyone an equal chance to influence outcomes but fails to give
\nproportional weight to people whose interests in a social outcome are stronger than those of other people. This problem leads to the familiar phenomenon of tyranny of the majority. Various institutions that have been tried or proposed over the years to correct this problem\u2014including supermajority rule, weighted voting, cumulative voting, \u201cmixed constitutions,\u201d executive discretion, and judicially protected rights\u2014all badly misfire in various ways, for example, by creating gridlock or corruption. This paper proposes a new form of political decision making based on the theory of quadratic voting. It explains how quadratic voting solves the preference-aggregation problem by giving proper weight to preferences of varying intensity, how it can be incorporated into
\npolitical institutions, and why it should improve equity.<\/p>\n","protected":false},"excerpt":{"rendered":"
Conventional democratic institutions aggregate preferences poorly. The norm of one-person\u2013one-vote with majority rule treats people fairly by giving everyone an equal chance to influence outcomes but fails to give proportional weight to people whose interests in a social outcome are stronger than those of other people. This problem leads to the familiar phenomenon of tyranny […]<\/p>\n","protected":false},"featured_media":0,"template":"","meta":{"msr-url-field":"","msr-podcast-episode":"","msrModifiedDate":"","msrModifiedDateEnabled":false,"ep_exclude_from_search":false,"_classifai_error":"","footnotes":""},"msr-content-type":[3],"msr-research-highlight":[],"research-area":[13559],"msr-publication-type":[193715],"msr-product-type":[],"msr-focus-area":[],"msr-platform":[],"msr-download-source":[],"msr-locale":[268875],"msr-post-option":[],"msr-field-of-study":[],"msr-conference":[],"msr-journal":[],"msr-impact-theme":[],"msr-pillar":[],"class_list":["post-893064","msr-research-item","type-msr-research-item","status-publish","hentry","msr-research-area-social-sciences","msr-locale-en_us"],"msr_publishername":"","msr_edition":"","msr_affiliation":"","msr_published_date":"2014-2-14","msr_host":"","msr_duration":"","msr_version":"","msr_speaker":"","msr_other_contributors":"","msr_booktitle":"","msr_pages_string":"","msr_chapter":"","msr_isbn":"","msr_journal":"Vanderbilt Law Review","msr_volume":"68","msr_number":"","msr_editors":"","msr_series":"","msr_issue":"2","msr_organization":"","msr_how_published":"","msr_notes":"","msr_highlight_text":"","msr_release_tracker_id":"","msr_original_fields_of_study":"","msr_download_urls":"","msr_external_url":"","msr_secondary_video_url":"","msr_longbiography":"","msr_microsoftintellectualproperty":1,"msr_main_download":"","msr_publicationurl":"","msr_doi":"","msr_publication_uploader":[{"type":"url","viewUrl":"false","id":"false","title":"https:\/\/www.vanderbilt.edu\/lawreview-new\/wp-content\/uploads\/sites\/278\/2015\/04\/Voting-Squared-Quadratic-Voting-in-Democratic-Politics.pdf","label_id":"243109","label":0}],"msr_related_uploader":"","msr_attachments":[],"msr-author-ordering":[{"type":"text","value":"Eric A. 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