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pangloss comments on Final Words - Less Wrong
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I voted this down and the parent up because, while it's a fine apology, you should not actually get more karma for admitting a mistake than the person who corrected you gets.
I guess this raises a different question: I've been attempting to use my up and down votes as a straight expression of how I regard the post or comment. While I can't guarantee that I am never drawn to inadvertently engage in corrective voting (where I attempt to bring a post or comment's karma in line with where I think it should be in an absolute sense or relative to another post), it seems as though this is your conscious approach.
What are the advantages/disadvantages or the two approaches?
The correct voting system looks like this: everyone assigns to each post the score they think it should have. The voting system adds a number of "fake votes" at each threshhold to ensure that posts with few votes don't get too high a rating, and then takes the median vote as the score. That way there's no need for "corrective voting" - voting for the score you want to see will always do the right thing.