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2. Solve the voting problem for three individuals. Assume that a total of $10 dollars can be spread across three projects (for three players). Assume
2. Solve the voting problem for three individuals. Assume that a total of $10 dollars can be spread across three projects (for three players). Assume the payoff for player 1 is $20 / dollar invested, the second player is $15/dollar invested, and the third player is $10/dollar invested. What are the dominant solutions? Why is it not optimal to make all three investments? What is the solution with side payments?
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