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Information Aggregation in Polls

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Author Info
John Morgan
Phillip C. Stocken

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Abstract

We study information transmission via polling. A policymaker polls constituents, who differ in their information and ideology, to determine policy. Full revelation is an equilibrium in a poll with a small sample, but not with a large one. In large polls, full information aggregation can arise in an equilibrium where constituents endogenously sort themselves into centrists, who respond truthfully, and extremists, who do not. We find polling statistics that ignore strategic behavior yield biased estimators and mischaracterize the poll's margin of error. We construct estimators that account for strategic behavior. Finally, we compare polls and elections.

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File URL: http://hdl.handle.net/10.1257/aer.98.3.864
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Publisher Info
Article provided by American Economic Association in its journal American Economic Review.

Volume (Year): 98 (2008)
Issue (Month): 3 (June)
Pages: 864-96
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Handle: RePEc:aea:aecrev:v:98:y:2008:i:3:p:864-96

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  1. Bargagliotti, Anna E. & Li, Lingfang (Ivy), 2009. "Decision Making Using Rating Systems: When Scale Meets Binary," MPRA Paper 16947, University Library of Munich, Germany. [Downloadable!]
  2. Kohei Kawamura, 2008. "Inequality, Happiness and Relative Concerns: What Actually is their Relationship?," ESE Discussion Papers 182, Edinburgh School of Economics, University of Edinburgh. [Downloadable!]
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This page was last updated on 2009-12-13.


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