Update docs/mediums/quadratic_voting.md

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Nathan Schneider 2019-05-30 05:00:13 +00:00
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## Background
Quadratic voting was first proposed by Steven Lalley and E. Glen Weyl in 2012 and has been developed in several publications since. It has been widely discussed especially among people involved in blockchain protocol design. The concept is patented by Weyl and collaborators through the company Collective Decision Engines.
Quadratic voting was first proposed by Steven Lalley and E. Glen Weyl in 2012 and has been developed in several publications since. It has been widely discussed especially among people involved in blockchain protocol design. The concept is patented by Weyl and collaborators through the company Collective Decision Engines. Weyl, through economic analysis, argues that QV has uniquely optimal outcomes when compared to other decision-making systems.
## Feedback loops
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### Oversights
* Deliberation processes
* Perceived complexity of quadratic algorithm
* Preferences of less credit-endowed participants, under certain implementations
## Implementations