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We consider a committee facing a binary decision under uncertainty. Each member holds some private information. Members may have different preferences and initial beliefs, but they all agree which decision should be taken in each of the two states of the world. We characterize the optimal...
Persistent link: https://www.econbiz.de/10003618533
Persistent link: https://www.econbiz.de/10011793699
The voting rule proposed by Basset and Persky (Public Choice 99:299–310, <CitationRef CitationID="CR2">1999</CitationRef>) picks the alternative with the best median evaluation. This paper shows that this MaxMed principle is equivalent to the MaxMin (so-called Rawls’) principle, with the proviso that one can discard half of the...</citationref>
Persistent link: https://www.econbiz.de/10010988169
Under evaluative voting, the voter freely grades each candidate on a numerical scale, with the winning candidate being determined by the sum of the grades they receive. This paper compares evaluative voting with the two-round system, reporting on an experiment which used various evaluation...
Persistent link: https://www.econbiz.de/10011004034
This paper considers electoral competition between two office-motivated parties and one voter, in the presence of two alternative policies and under imperfect information. The theory of refinements of Nash equilibrium predicts the outcome of this three-player game: both parties faithfully use...
Persistent link: https://www.econbiz.de/10005371016
We examine through an experimental design how rational and non-rational considerations affect the decision to vote or to abstain in First Past the Post and PR elections. We show that in both types of elections, but particularly so under PR, a majority of subjects do not make the "right"...
Persistent link: https://www.econbiz.de/10009295309
Persistent link: https://www.econbiz.de/10014276942
Under evaluative voting, the voter freely grades each candidate on a numerical scale, with the winning candidate being determined by the sum of the grades they receive. This paper compares evaluative voting with the two-round system, reporting on an experiment which used various evaluation...
Persistent link: https://www.econbiz.de/10011026210
Persistent link: https://www.econbiz.de/10005184475
We consider a group or committee that faces a binary decision under uncertainty. Each member holds some private information. Members agree which decision should be taken in each state of nature, had this been known, but they may attach different values to the two types of mistake that may occur....
Persistent link: https://www.econbiz.de/10008793596