Twenty-one fraternity brothers are trying to choose a place to vacation. Their choices are Panama City, Cancun, Breckenridge, and San Diego. Their subjective rankings of those cities are given in the table below: 11eb72dd_766a_9f7f_a6ba_491e770b93c2_SM2293_00 The fraternity brothers have decided to use the instant runoff method. Which destination will win the election? Does the table above suggest a potential drawback to the instant runoff method?

Economic Analysis of Social Issues 1st Edition by Alan Grant

Edition 1ISBN: 978-0134098371

Economic Analysis of Social Issues 1st Edition by Alan Grant

Edition 1ISBN: 978-0134098371

Exercise 3

Twenty-one fraternity brothers are trying to choose a place to vacation. Their choices are Panama City, Cancun, Breckenridge, and San Diego. Their subjective rankings of those cities are given in the table below:

The fraternity brothers have decided to use the instant runoff method. Which destination will win the election? Does the table above suggest a potential drawback to the instant runoff method?

Explanation

Verified

Instant runoff method:
Instant runoff m...