information. Instead, equilibrium strategies are many-to-one mappings that transform continuous data into ordered ranks: voting … procedures are the equilibrium methods of achieving a consensus in committees. Voting necessarily coarsens the transmission of … information among members, but is necessary to control conflicts of interest. The degree of coarseness of the equilibrium voting …

For voters with "social" preferences, the expected utility of voting is approximately independent of the size of the … rational socially-motivated voting has a feedback mechanism that stabilizes turnout at reasonable levels (e.g., 50% of the …

We study the properties of the group-based model of voting in elections with more than two candidates. We consider two … equilibria under both rules and identify the features of an election that favor different types of voting behavior: either … sincere voting or coordination behind a limited number of candidates. Comparing plurality and majority runoff, we find that …

technologies that increase investor diversification or enable pass-through voting have important implications for these trade …

In polarized committees, majority voting disenfranchises the minority. Allowing voters to spend freely a fixed budget … theoretical results and bring the game to the laboratory. The minority wins as frequently as theory predicts, despite subjects … votes unpredictably -- the exact choices are of secondary importance, a result that vouches for the robustness of the voting …