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
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