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Learning aversion and voting rules in collective decision making

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  • Louis, Philippos

Abstract

In collective decisions with uncertainty some voters may oppose the arrival of new information. This note formalizes a justification for supermajority as a voting rule in such environments. This is optimal when arrival of information is responsive to voters’ learning aversion, and conservative minorities have some power to block information.

Suggested Citation

  • Louis, Philippos, 2015. "Learning aversion and voting rules in collective decision making," Economics Letters, Elsevier, vol. 133(C), pages 24-26.
    • Handle: RePEc:eee:ecolet:v:133:y:2015:i:c:p:24-26
    DOI: 10.1016/j.econlet.2015.05.012
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    References listed on IDEAS

    as
    1. Jackson, Matthew O. & Tan, Xu, 2013. "Deliberation, disclosure of information, and voting," Journal of Economic Theory, Elsevier, vol. 148(1), pages 2-30.
    2. Messner, Matthias & Polborn, Mattias K., 2012. "The option to wait in collective decisions and optimal majority rules," Journal of Public Economics, Elsevier, vol. 96(5), pages 524-540.
    3. Bruno Strulovici, 2010. "Learning While Voting: Determinants of Collective Experimentation," Econometrica, Econometric Society, vol. 78(3), pages 933-971, May.
    4. Gersbach, Hans, 1991. "The value of public information in majority decisions," Economics Letters, Elsevier, vol. 35(3), pages 239-242, March.
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    Cited by:

    1. Louis Anthony (Tony) Cox, 2015. "Overcoming Learning Aversion in Evaluating and Managing Uncertain Risks," Risk Analysis, John Wiley & Sons, vol. 35(10), pages 1892-1910, October.
    2. Nicolás Figueroa & José-Alberto Guerra & Francisco Silva, 2022. "The role of information in collective decisions," Documentos CEDE 20508, Universidad de los Andes, Facultad de Economía, CEDE.
    3. Ginzburg, Boris & Guerra, José-Alberto, 2019. "When collective ignorance is bliss: Theory and experiment on voting for learning," Journal of Public Economics, Elsevier, vol. 169(C), pages 52-64.

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    More about this item

    Keywords

    Collective decisions; Public information; Learning aversion;
    All these keywords.

    JEL classification:

    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
    • 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; Information and Knowledge; Communication; Belief; Unawareness

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