Explain which individual has an incentive

Reference no: EM132196792

Question: Suppose a group with 3 individuals facing the set of alternatives {x, y, z} use theunanimity rule with a status quo of x to make a social choice. That is, if there sunanimous agreement on a particular alternative being the most preferred, then that's the social choice. Otherwise, the social choice defaults to x. Show using an example that this social choice function is not strategy-proof. Provide the true preference profile of the 3 individuals. Then explain which individual has an incentive to misreport his or her preferences and what that misreport is.

Reference no: EM132196792

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