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Prior research on quot;strategic votingquot; has reached the conclusion that unanimity rule is uniquely bad: it results in destruction of information, and hence makes voters worse off. We show that this conclusion depends critically on the assumption that the issue being voted on is exogenous,...
Persistent link: https://www.econbiz.de/10012731002
In this paper we explore the usefulness of a particular model of bounded rationality in the context of voting to show a crucial relationship between uncertainty about players' actions (in the information that voters receive or in how they make their decisions) and levels of turnout. The model...
Persistent link: https://www.econbiz.de/10003752908
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This paper presents a model of consumer boycotts where the discrete choices of concerned consumers are represented as stochastic processes. Boycotts are interpreted as a form of voting where consumers are trying to shape the behavior of firms. We solve for the limiting distribution of the...
Persistent link: https://www.econbiz.de/10013087246
We propose a model of attentiveness in elections with impressionable voters under various electoral rules. Voters' behavior is determined by their attentiveness and impressions of candidates. We show that attentiveness is as important as voters' preferences for the outcome of the election....
Persistent link: https://www.econbiz.de/10012869460
Most theories of elections assume that voters and political actors are fully rational. While these formulations produce many insights, they also generate anomalies--most famously, about turnout. The rise of behavioral economics has posed new challenges to the premise of rationality. This...
Persistent link: https://www.econbiz.de/10012689547
We use a model of impressionable voters to study multi-candidate elections under different electoral rules. Instead of maximizing expected utility, voters cast their ballots based on impressions. We show that, under each rule, there is a monotone relationship between voter preferences and vote...
Persistent link: https://www.econbiz.de/10012849395
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