Special Section: Experiments on Learning, Methods, and Voting
We use the strategy method to conduct laboratory experiments on a nine-player heterogeneous-cost voting game. We replicate the underdog and competition effect, but find significantly higher voter turnout rates to be only partially explained by logit quantal response equilibrium. We examine round-by-round changes in cut-off behaviour and find that voters are highly responsive to historical pivotal events. Voters also respond to past winning and tying, but only as a minority (upsetting the majority), demonstrating an ‘underdog winning effect’, receiving extra utility when winning as a minority. An equilibrium with such asymmetry in utility explains the high minority turnout (and high majority turnout as a best response).
Year of publication: |
2014
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Authors: | Kuo, Yen ; Wang, Joseph Tao-yi |
Published in: |
Pacific Economic Review. - Wiley Blackwell. - Vol. 19.2014, 3, p. 387-400
|
Publisher: |
Wiley Blackwell |
Saved in:
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