Math Problem Statement

Consider the weighted voting system [11: 7, 4, 1]

Find the Shapley-Shubik power distribution of this weighted voting system.

List the power for each player as a fraction: p1:

p2:

p3:

Solution

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Math Problem Analysis

Mathematical Concepts

Game Theory
Weighted Voting Systems
Shapley-Shubik Power Index

Formulas

Shapley-Shubik Power Index: Number of pivotal player occurrences / Total number of permutations

Theorems

Shapley-Shubik Theorem

Suitable Grade Level

Undergraduate level in mathematics or economics