Arbeitspapier

Multicandidate elections: Aggregate uncertainty in the laboratory

The rational-voter model is often criticized on the grounds that two of its central predictions (the paradox of voting and Duverger's Law) are at odds with reality. Recent theoretical advances suggest that these empirically unsound predictions might be an artifact of an (arguably unrealistic) assumption: the absence of aggregate uncertainty about the distribution of preferences in the electorate. In this paper, we propose direct empirical evidence of the effect of aggregate uncertainty in multicandidate elections. Adopting a theory-based experimental approach, we explore whether aggregate uncertainty indeed favors the emergence of non-Duverger's law equilibria in plurality elections. Our experimental results support the main theoretical predictions: sincere voting is a predominant strategy under aggregate uncertainty, whereas without aggregate uncertainty, voters massively coordinate their votes behind one candidate, who wins almost surely.

Sprache
Englisch

Erschienen in
Series: Working Paper ; No. 778

Klassifikation
Wirtschaft
Design of Experiments: Laboratory, Group Behavior
Analysis of Collective Decision-Making: General
Thema
Rational voter model
Multicandidate elections
Plurality
Aggregate
Abstimmungsregel
Wahlverhalten
Condorcet-Paradoxon
Entscheidung unter Unsicherheit
Test

Ereignis
Geistige Schöpfung
(wer)
Bouton, Laurent
Castanheira, Micael
Llorente-Saguer, Aniol
Ereignis
Veröffentlichung
(wer)
Queen Mary University of London, School of Economics and Finance
(wo)
London
(wann)
2015

Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Bouton, Laurent
  • Castanheira, Micael
  • Llorente-Saguer, Aniol
  • Queen Mary University of London, School of Economics and Finance

Entstanden

  • 2015

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