Let the experts decide? Asymmetric information, abstention, and coordination in standing committees
AbstractWe examine abstention when voters in standing committees are asymmetrically informed and there are multiple pure-strategy equilibria - swing voter's curse (SVC) equilibria where voters with low-quality information abstain and equilibria when all participants vote their information. When the asymmetry in information quality is large, we find that voting groups largely coordinate on the SVC equilibrium which is also Pareto optimal. However, we find that when the asymmetry in information quality is not large and the Pareto optimal equilibrium is for all to participate, significant numbers of voters with low-quality information abstain. Furthermore, we find that information asymmetry induces voters with low-quality information to coordinate on a non-equilibrium outcome. This suggests that coordination on "letting the experts" decide is a likely voting norm that sometimes validates SVC equilibrium predictions but other times does not.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Elsevier in its journal Games and Economic Behavior.
Volume (Year): 72 (2011)
Issue (Month): 2 (June)
Contact details of provider:
Web page: http://www.elsevier.com/locate/inca/622836
Information aggregation Voting Asymmetric information Swing voter's curse;
Other versions of this item:
- Rebecca Morton & Jean-Robert Tyran, 2008. "Let the Experts Decide? Asymmetric Information, Abstention, and Coordination in Standing Committees," Discussion Papers 08-25, University of Copenhagen. Department of Economics.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- S. Nageeb Ali & Jacob K. Goeree & Navin Kartik & Thomas R. Palfrey, 2008. "Information Aggregation in Standing and Ad Hoc Committees," American Economic Review, American Economic Association, vol. 98(2), pages 181-86, May.
- Greiner, Ben, 2004. "An Online Recruitment System for Economic Experiments," MPRA Paper 13513, University Library of Munich, Germany.
- Van Weelden, Richard, 2008. "Deliberation Rules and Voting," International Quarterly Journal of Political Science, now publishers, vol. 3(1), pages 83-88, January.
- Giovanna Devetag & Andreas Ortmann, 2006.
"When and Why? A Critical Survey on Coordination Failure in the Laboratory,"
CERGE-EI Working Papers
wp302, The Center for Economic Research and Graduate Education - Economic Institute, Prague.
- Giovanna Devetag & Andreas Ortmann, 2007. "When and why? A critical survey on coordination failure in the laboratory," Experimental Economics, Springer, vol. 10(3), pages 331-344, September.
- Giovanna Devetag & Andreas Ortmann, 2006. "When and Why? A Critical Survey on Coordination Failure in the Laboratory," CEEL Working Papers 0605, Cognitive and Experimental Economics Laboratory, Department of Economics, University of Trento, Italia.
- Adam Meirowitz, 2002. "Informative voting and condorcet jury theorems with a continuum of types," Social Choice and Welfare, Springer, vol. 19(1), pages 219-236.
- Clark, Kenneth & Sefton, Martin, 2001. "Repetition and signalling: experimental evidence from games with efficient equilibria," Economics Letters, Elsevier, vol. 70(3), pages 357-362, March.
- Marco Battaglini & Rebecca B. Morton & Thomas R. Palfrey, 2008. "Information Aggregation and Strategic Abstention in Large Laboratory Elections," American Economic Review, American Economic Association, vol. 98(2), pages 194-200, May.
- Paolo Balduzzi & Clara Graziano & Annalisa Luporini, 2011.
"Voting in Small Committees,"
Working Papers - Economics
wp2011_01.rdf, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa.
- David Stadelmann & Benno Torgler, 2012.
"Bounded Rationality and Voting Decisions Exploring a 160-Year Period,"
2012.70, Fondazione Eni Enrico Mattei.
- David Stadelmann & Benno Torgler, 2012. "Bounded Rationality and Voting Decisions Exploring a 160-year Period," School of Economics and Finance Discussion Papers and Working Papers Series 287, School of Economics and Finance, Queensland University of Technology.
- David Stadelmann & Benno Torgler, 2013. "Bounded Rationality and Voting Decisions Exploring a 160-Year Period," QuBE Working Papers 005, QUT Business School.
- David Stadelmann & Benno Torgler, 2012. "Bounded Rationality and Voting Decisions Exploring a 160-Year Period," CESifo Working Paper Series 3907, CESifo Group Munich.
- David Stadelmann & Benno Torgler, 2012. "Bounded Rationality and Voting Decisions Exploring a 160-Year Period," CREMA Working Paper Series 2012-11, Center for Research in Economics, Management and the Arts (CREMA).
- Luís Francisco Aguiar-Conraria & Pedro C. Magalhães & Christoph A. Vanberg, 2013. "Experimental evidence that quorum rules discourage turnout and promote election boycotts," NIPE Working Papers 14/2013, NIPE - Universidade do Minho.
- John Duffy & Sourav Bhattacharya & Sun-Tak Kim, 2012. "Compulsory versus Voluntary Voting: An Experimental Study," Working Papers 492, University of Pittsburgh, Department of Economics, revised Aug 2013.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.