Game Theory and Economic Behavior
The Banzhaf index is a measure of the power of a voter in a voting system, calculated based on the number of times a voter's vote can change the outcome of a decision. This index is particularly useful in analyzing situations where voting weights are unequal, allowing for an assessment of how much influence each voter has in different scenarios. It highlights the strategic importance of individual votes in collective decision-making processes, particularly when considering coalition formation and power distribution.
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