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Bounded Rationality and Voting Decisions Exploring a 160-Year Period

Author

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  • Stadelmann, David
  • Torgler, Benno

Abstract

Using 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.

Suggested Citation

  • Stadelmann, David & Torgler, Benno, 2012. "Bounded Rationality and Voting Decisions Exploring a 160-Year Period," Economy and Society 138635, Fondazione Eni Enrico Mattei (FEEM).
    • Handle: RePEc:ags:feemso:138635
    DOI: 10.22004/ag.econ.138635
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    Cited by:

    1. Ho Fai Chan & Nikita Ferguson & David A. Savage & David Stadelmann & Benno Torgler, 2020. "Is Science Able to Perform Under Pressure? Insights from COVID-19," CREMA Working Paper Series 2020-07, Center for Research in Economics, Management and the Arts (CREMA).
    2. Stutzer, Alois & Baltensperger, Michael & Meier, Armando N., 2019. "Overstrained citizens? The number of ballot propositions and the quality of the decision process in direct democracy," European Journal of Political Economy, Elsevier, vol. 59(C), pages 483-500.
    3. Portmann, Marco & Stadelmann, David & Eichenberger, Reiner, 2022. "Incentives dominate selection – Chamber-changing legislators are driven by electoral rules and voter preferences," Journal of Economic Behavior & Organization, Elsevier, vol. 193(C), pages 353-366.
    4. Gebhard Kirchgässner, 2016. "Voting and Popularity," CESifo Working Paper Series 6182, CESifo.
    5. Benno Torgler & David Stadelmann & Marco Portmann, 2013. "The Power of Religious Organizations in Human Decision Processes: Analyzing Voting Behavior," CREMA Working Paper Series 2013-20, Center for Research in Economics, Management and the Arts (CREMA).
    6. Theocharis Grigoriadis & Friedrich Heinemann, 2013. "Origins of Reform Resistance and the Southern European Regime. WWWforEurope Working Paper No. 20," WIFO Studies, WIFO, number 46881, August.
    7. David Stadelmann & Reiner Eichenberger & Marco Portmann, 2014. "Voting against the separation of powers between legislature and administration," Constitutional Political Economy, Springer, vol. 25(2), pages 207-229, June.
    8. Felix Arnold & Ronny Freier & Magdalena Pallauf & David Stadelmann, 2014. "Voting for Direct Democracy: Evidence from a Unique Popular Initiative in Bavaria," Discussion Papers of DIW Berlin 1435, DIW Berlin, German Institute for Economic Research.
    9. Benno Torgler, 2021. "The Power of Public Choice in Law and Economics," CREMA Working Paper Series 2021-04, Center for Research in Economics, Management and the Arts (CREMA).
    10. Benno Torgler & David Stadelmann & Marco Portmann, 2013. "The Power of Religious Organizations in Human Decision Processes: Analyzing Voting Behavior," CESifo Working Paper Series 4526, CESifo.
    11. Marco Frank & David Stadelmann & Benno Torgler, 2020. "Electoral Turnout During States of Emergency and Effects on Incumbent Vote Share," CREMA Working Paper Series 2020-10, Center for Research in Economics, Management and the Arts (CREMA).
    12. Stutzer, Alois & Baltensperger, Michael & Meier, Armando N., 2018. "Overstrained Citizens?," Working papers 2018/25, Faculty of Business and Economics - University of Basel.
    13. Felix Arnold & Ronny Freier & Magdalena Pallauf & David Stadelmann, 2015. "Voting for direct democratic participation: Evidence from an initiative election," CREMA Working Paper Series 2015-11, Center for Research in Economics, Management and the Arts (CREMA).
    14. Agnieszka Kowalska-Styczeń & Krzysztof Malarz, 2020. "Noise induced unanimity and disorder in opinion formation," PLOS ONE, Public Library of Science, vol. 15(7), pages 1-22, July.
    15. Hessami, Zohal & Resnjanskij, Sven, 2019. "Complex ballot propositions, individual voting behavior, and status quo bias," European Journal of Political Economy, Elsevier, vol. 58(C), pages 82-101.

    More about this item

    Keywords

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    JEL classification:

    • D03 - Microeconomics - - General - - - Behavioral Microeconomics: 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; Information and Knowledge; Communication; Belief; Unawareness
    • H70 - Public Economics - - State and Local Government; Intergovernmental Relations - - - General

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