Bounded Rationality and Voting Decisions Exploring a 160-Year Period
AbstractUsing a natural voting experiment in Switzerland that encompasses a 160-year period (1848-2009), we investigate whether a higher level of complexity leads to increased reliance on expert knowledge. We find that when more referenda are held on the same day, constituents are more likely to refer to parliamentary recommendations in making their decisions. This finding holds true even when we narrow our focus to referenda with a relatively lower voter turnout on days on which more than one referendum was held. We also show that when constituents face a higher level of complexity, they listen to parliament rather than interest groups.
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Bibliographic InfoPaper provided by Center for Research in Economics, Management and the Arts (CREMA) in its series CREMA Working Paper Series with number 2012-11.
Date of creation: Jul 2012
Date of revision:
Bounded rationality; voting; referenda attention; rules of thumb;
Other versions of this item:
- David Stadelmann & Benno Torgler, 2012. "Bounded Rationality and Voting Decisions Exploring a 160-Year Period," Working Papers 2012.70, Fondazione Eni Enrico Mattei.
- 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," 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, 2012. "Bounded Rationality and Voting Decisions Exploring a 160-Year Period," CESifo Working Paper Series 3907, CESifo Group Munich.
- D03 - Microeconomics - - General - - - Behavioral Economics; Underlying Principles
- D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
- H70 - Public Economics - - State and Local Government; Intergovernmental Relations - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-07-29 (All new papers)
- NEP-CDM-2012-07-29 (Collective Decision-Making)
- NEP-POL-2012-07-29 (Positive Political Economics)
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