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We extend the basic model of spatial competition in two directions. First, political parties and voters do not have complete information but behave adaptively. Political parties use polls to search for policy platforms that maximize the probability of winning an election and the voting decision...
Persistent link: https://www.econbiz.de/10005419078
This short paper investigates the consequences of voters identifying with special interest groups in a spatial model of electoral competition. We show that, by effectively coordinating voting behavior, identification with interest groups leads to an increase in the size of the winning set, that...
Persistent link: https://www.econbiz.de/10008539689
We conduct experiments in which humans repeatedly play one of two games against a computer decision maker that follows either a reinforcement learning or an Experience Weighted Attraction algorithm. Our experiments show these learning algorithms more sensitively detect exploitable opportunities...
Persistent link: https://www.econbiz.de/10005190427