We study information aggregation in large elections. With two candidates, efficient information aggregation is possible (e.g., Feddersen and Pesendorfer [5], [6] and [7]). We show that this result does not extend to elections with more than two candidates. We study a class of simple scoring...

Recent research on the Condorcet Jury Theorem has proven that informative voting (that is, voting according to one’s signal) is not necessarily rational. With two alternatives, rational voting typically leads to the election of the correct alternative, in spite of the fact that not all voters...

I examine the behavior of subjects in common value auctions with both experienced and inexperienced bidders in the same market. Subjects know that they are competing against both experienced and inexperienced subjects and can observe bidding behavior of their opponents after an auction round....