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Majority voting is considered an efficient information aggregation mechanism in committee decision-making. We examine … acquisition, voting, and overall efficiency. …
Persistent link: https://www.econbiz.de/10014517461
affects information aggregation at the deliberation and voting stages, leading to sharply different committee error rates than …
Persistent link: https://www.econbiz.de/10010531712
affects information aggregation at the deliberation and voting stages, leading to sharply different committee error rates than …
Persistent link: https://www.econbiz.de/10010516456
We examine the incentives to self-select into politics and how they depend on the transparency of the entry process. To this end, we set up a two-stage political competition model and test its key mechanisms in the lab. At the entry stage, potential candidates compete in a contest to become...
Persistent link: https://www.econbiz.de/10011543745
affects information aggregation at the deliberation and voting stages, leading to sharply different committee error rates than …
Persistent link: https://www.econbiz.de/10011273190
Majority voting is considered an efficient information aggregation mechanism in committee decision-making. We examine … acquisition, voting, and overall efficiency. …
Persistent link: https://www.econbiz.de/10014501231
Rational voters update their subjective beliefs about candidates' attributes with the arrival of information, and subsequently base their votes on these beliefs. Information accrual is, however, endogenous to voters' types and difficult to identify in observational studies. In a large scale...
Persistent link: https://www.econbiz.de/10010293129
Using a natural voting experiment in Switzerland that encompasses a 160-year period (1848-2009), we investigate whether …
Persistent link: https://www.econbiz.de/10010294291
This paper considers the implications of an important cognitive bias in information processing, confirmation bias, in a political agency setting. In the baseline two-period case where only the politician’s actions are observable before the election, we show that when voters have this bias, it...
Persistent link: https://www.econbiz.de/10011307085
-time information on economic and financial indicators and voting records. Recent evidence for the monetary policy committees (MPCs) of …The aim of this paper is to study preference heterogeneity in monetary policy committees of inflation-targeting (IT …) countries in Central and Eastern Europe (CEE) during the period 2005-2010. It employs (individual) voting records of the …
Persistent link: https://www.econbiz.de/10010322484