Utilitarian voting is a decision-making framework where the collective choice aims to maximize the overall utility or benefit for the entire group of participants. This approach seeks to identify the option that produces the greatest good for the greatest number, often by aggregating individual preferences and their associated intensities. It prioritizes collective welfare over individual desires.
Context
In decentralized autonomous organizations and blockchain governance, utilitarian voting principles are sometimes applied or debated as methods to optimize protocol development and resource allocation for the community’s benefit. News reports might discuss proposals that seek to balance individual token holder interests with the broader health and growth of the network. The challenge involves accurately measuring and comparing individual utilities to arrive at a truly utilitarian collective decision.
A novel deposit-and-transfer mechanism leverages Bayesian game theory to achieve Sybil-proof, utilitarian governance without external identity systems.
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