Artikel
Voting in three-alternative committees: An experiment
We design an experiment to test how voters vote in a small committee election with three alternatives. Voters have common preferences that depend on an unknown state of nature. Each voter receives an imprecise private signal prior to the election and then casts a vote. The alternative with the most votes wins. We fix the number of voters in our experiment to be five and focus on differences in the information structure (prior and signal distributions). We test three different treatments (different prior and signal distributions) that pose different challenges for the voters. In one, simply voting for one's signal is an equilibrium. In the other two, it is not. Despite the different levels of complexity for the voters, they come relatively close to the predicted strategies (that sometimes involve mixing). As a consequence, the efficiency of the decision is also relatively high and comes close to predicted levels. In one variation of the experiment, we calculate posterior beliefs for the subjects and post them. In another, we do not. Interestingly, the important findings do not change.
- Language
-
Englisch
- Bibliographic citation
-
Journal: Games ; ISSN: 2073-4336 ; Volume: 10 ; Year: 2019 ; Issue: 2 ; Pages: 1-23 ; Basel: MDPI
- Classification
-
Wirtschaft
Noncooperative Games
Social Choice; Clubs; Committees; Associations
Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
Asymmetric and Private Information; Mechanism Design
- Subject
-
committees
efficient information aggregation
simple plurality rule
Condorcet jury theorem
- Event
-
Geistige Schöpfung
- (who)
-
Goertz, Johanna M. M.
Chernomaz, Kirill
- Event
-
Veröffentlichung
- (who)
-
MDPI
- (where)
-
Basel
- (when)
-
2019
- DOI
-
doi:10.3390/g10020020
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Goertz, Johanna M. M.
- Chernomaz, Kirill
- MDPI
Time of origin
- 2019