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One-member, one-vote is a long-standing practice in co-operatives, ensuring that each member-owner-patron has an equal say in basic governance and that power is not concentrated among those that have contributed the most capital.
But while one-member, one-vote widely distributes influence, it fails to address the intensity members feel for the many activities co-operatives could undertake.
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The problem with the one-person, one-vote rule is that it is binary — a person is either for an activity or against it; hence it does not allow people to express the intensity of their preferences. While tallying up the votes in favour of activity A and activity B shows, for instance, how many people prefer A to B, it does not provide any indication as to the degree to which A is preferred to B.
Over the last few years, researchers have developed an easy-to-use approach for dealing with the intensity of preferences. This approach is called quadratic voting...
Read the rest at Contemplating Co-ops
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