Voting Games: An Experimental Investigation - 10.1628/jite-2020-0030 - Mohr Siebeck
Economics

Friedel Bolle, Philipp E. Otto

Voting Games: An Experimental Investigation

Volume 176 () / Issue 3, pp. 496-525 (30)
Published 12.02.2020

30,00 € including VAT
article PDF
The central institution in democracies and shareholder firms is decision-making by voting. If all voters made decisions as if their vote were decisive, then true majority decisions would be obtained with certainty. Often, however, voters have incentives to hide their true preferences, thus preventing true majorities. In addition to mixed-strategy equilibria, in most voting games there is a unique pure-strategy equilibrium where all voters decide oppositely to their true preferences. Experimental behavior, however, clearly differs from any unique equilibrium and more often implies true majority decisions than unique pure-strategy equilibria predict.
Authors/Editors

Friedel Bolle No current data available.

Philipp E. Otto No current data available.