Letting the good times roll: A theory of voter inference and experimental evidence
AbstractThis paper examines inference and attribution in a simple and ubiquitous strategic situation: a voter is faced with discerning whether a leader worked on his or her behalf after observing an informative, but noisy signal about the leader's performance. We characterize perfect Bayesian equilibria, quantal response equilibria (QRE), and provide a simple model of a heuristic-based approach, referred to as strategic naivete, within a wide class of such environments. We also discuss experiments conducted to examine human behavior within such an environment. While it is clear that the observed behavior is inconsistent with perfect Bayesian equilibrium, distinguishing between QRE and strategic naivete will require further work. We conclude with a discussion of the broader implications of probabilistic and/or heuristic-based attribution processes for electoral politics and political economy. Copyright Springer Science + Business Media B.V. 2007
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Bibliographic InfoArticle provided by Springer in its journal Public Choice.
Volume (Year): 130 (2007)
Issue (Month): 3 (March)
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Web page: http://www.springerlink.com/link.asp?id=100332
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