The Dark Side of the Vote - Biased Voters, Social Information, and Information Aggregation Through Majority Voting
Abstract
We experimentally investigate information aggregation through majority voting when some voters are biased. In such situations, majority voting can have a "?dark side"?, i.e. result in groups making choices inferior to those made by individuals acting alone. We develop a model to predict how two types of social information shape efficiency in the presence of biased voters and we test these predictions using a novel experimental design. In line with predictions, we find that information on the popularity of policy choices is beneficial when a minority of voters is biased, but harmful when a majority is biased. In theory, information on the success of policy choices elsewhere de-biases voters and alleviates the inefficiency. In the experiment, providing social information on success is ineffective. While voters with higher cognitive abilities are more likely to be de-biased by such information, most voters do not seem to interpret such information rationally.Download Info
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Paper provided by University of Copenhagen. Department of Economics in its series Discussion Papers with number 12-08.Length: 55 pages
Date of creation: 08 Aug 2012
Date of revision:
Handle: RePEc:kud:kuiedp:1208
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- Morton, Rebecca & Piovesan, Marco & Tyran, Jean-Robert, 2012. "The Dark Side of the Vote: Biased Voters, Social Information, and Information Aggregation Through Majority Voting," CEPR Discussion Papers 9098, C.E.P.R. Discussion Papers.
- Rebecca B. Morton & Marco Piovesan & Jean-Robert Tyran, 2012. "The Dark Side of the Vote: Biased Voters, Social Information, and Information Aggregation Through Majority Voting," Harvard Business School Working Papers 13-017, Harvard Business School.
- C92 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Group Behavior
- D7 - Microeconomics - - Analysis of Collective Decision-Making
- D02 - Microeconomics - - General - - - Institutions: Design, Formation, and Operations
- D03 - Microeconomics - - General - - - Behavioral Economics; Underlying Principles
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-09-09 (All new papers)
- NEP-CDM-2012-09-09 (Collective Decision-Making)
- NEP-FOR-2012-09-09 (Forecasting)
- NEP-POL-2012-09-09 (Positive Political Economics)
References
References listed on IDEASPlease 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.:
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