Social media have become a main source of information for many voters. Political interest groups on social media platforms have the ability to (i) microtarget news based on individual-level voter data and (ii) obfuscate their identities, which can be exploited to spread disinformation. Two...

In this paper we aim to understand how bounded rationality affects performance of democratic institutions. We consider policy choice in a representative democracy when voters do not fully anticipate a politician's strategic behavior to manipulate his reelection chances. We find that this limited...

In this paper we aim to understand how bounded rationality aff ects performance of democratic institutions. We consider policy choice in a representative democracy when voters do not fully anticipate a politician's strategic behavior to manipulate his reelection chances. We find that this...

In this paper we aim to understand how bounded rationality a ffects performance of democratic institutions. We consider policy choice in a representative democracy when voters do not fully anticipate a politician's strategic behavior to manipulate his reelection chances. We find that this...

In many instances, both voters and politicians are imperfectly informed about which policies are optimal. We analyze politicians’ policy choice in such situations. A distinctive element of our analysis is that we investigate how the strategic sophistication of voters’ beliefs about...