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Following Richter (1966), we provide criteria under which a preference relation implied by a finite set of choice observations has a complete extension that can in turn be represented by a utility function. These criteria rely on a mapping over preference relations, the rational closure, which...
Persistent link: https://www.econbiz.de/10012989540
We develop a simple model of collective experimentation and take it to the lab. In equilibrium, as in the recent work of Strulovici (2010), majority rule has a bias toward under experimentation, as good news for a minority of voters may lead a majority of voters to abandon a policy when each of...
Persistent link: https://www.econbiz.de/10012925711
We develop a simple model of collective experimentation and take it to the lab. In equilibrium, as in the recent work of Strulovici (2010), majority rule has a bias toward under-experimentation, as good news for a minority of voters may lead a majority of voters to abandon a policy when each of...
Persistent link: https://www.econbiz.de/10012929018
This paper surveys research of lab experiments on voting games, focusing on six areas that have received much attention in the last few decades: (i) costly voting in elections with two alternatives; (ii) (other) collective action problems; (iii) elections with more than two alternatives; (iv)...
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We present a model of participation in large elections in which the formation of voter groups is endogenous. Partisan citizens decide whether to become leaders (activists) and try to persuade impressionable citizens to vote for the leaders' preferred party. In the (unique) pure strategy...
Persistent link: https://www.econbiz.de/10011702757