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There are three voters - Alpha, Beta and Gamma in a society. Let us also assume that these voters are facing three choices - A,
There are three voters - Alpha, Beta and Gamma in a society. Let us also assume that these voters are facing three choices - A, B, and C. The voters have certain order of preference for these three choices which only they know.
a) Show and explain the paradox of cyclical voting and why there may not exist any majority voting equilibrium.
b) Now, show numerically that rank order voting will also not lead to a clear winner.
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