Bounded Rationality and Voting Decisions Exploring a 160-Year Period
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.
|Date of creation:||14 Mar 2013|
|Date of revision:|
|Contact details of provider:|| Web page: http://www.qut.edu.au/research/research-projects/queensland-behavioural-economics-group-qube|
Please 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.:
- W. Crain & Donald Leavens & Lynn Abbot, 1987. "Voting and not voting at the same time," Public Choice, Springer, vol. 53(3), pages 221-229, January.
- Morton, Rebecca B. & Tyran, Jean-Robert, 2011.
"Let the experts decide? Asymmetric information, abstention, and coordination in standing committees,"
Games and Economic Behavior,
Elsevier, vol. 72(2), pages 485-509, June.
- Rebecca Morton & Jean-Robert Tyran, 2008. "Let the Experts Decide? Asymmetric Information, Abstention, and Coordination in Standing Committees," Discussion Papers 08-25, University of Copenhagen. Department of Economics.
- Ai, Chunrong & Norton, Edward C., 2003. "Interaction terms in logit and probit models," Economics Letters, Elsevier, vol. 80(1), pages 123-129, July.
- J. M. Clark, 1918. "Economics and Modern Psychology: II," Journal of Political Economy, University of Chicago Press, vol. 26, pages 136.
- John Conlisk, 1996. "Why Bounded Rationality?," Journal of Economic Literature, American Economic Association, vol. 34(2), pages 669-700, June.
- Simon, Herbert A, 1978. "Rationality as Process and as Product of Thought," American Economic Review, American Economic Association, vol. 68(2), pages 1-16, May.
- Herbert A. Simon, 1996. "The Sciences of the Artificial, 3rd Edition," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262691914, March.
- Hodgson, Geoffrey M, 1997. "The Ubiquity of Habits and Rules," Cambridge Journal of Economics, Oxford University Press, vol. 21(6), pages 663-84, November.
- Marco Portmann & David Stadelmann & Reiner Eichenberger, 2010. "District Magnitude and Representation of the Majority?s Preferences: Quasi-Experimental Evidence from Popular and Parliamentary Votes," CREMA Working Paper Series 2010-13, Center for Research in Economics, Management and the Arts (CREMA).
- Frey, Bruno S, 1994. "Direct Democracy: Politico-economic Lessons from Swiss Experience," American Economic Review, American Economic Association, vol. 84(2), pages 338-42, May.
- Heiner, Ronald A, 1983. "The Origin of Predictable Behavior," American Economic Review, American Economic Association, vol. 73(4), pages 560-95, September.
- Stadelmann, David & Portmann, Marco & Eichenberger, Reiner, 2013.
"Quantifying parliamentary representation of constituents’ preferences with quasi-experimental data,"
Journal of Comparative Economics,
Elsevier, vol. 41(1), pages 170-180.
- David Stadelmann & Marco Portmann & Reiner Eichenberger, 2011. "Quantifying Parliamentary Representation of Constituents' Preferences with Quasi-Experimental Data," CREMA Working Paper Series 2011-02, Center for Research in Economics, Management and the Arts (CREMA).
- Herbert Simon, 2000. "Bounded rationality in social science: Today and tomorrow," Mind & Society: Cognitive Studies in Economics and Social Sciences, Springer;Fondazione Rosselli, vol. 1(1), pages 25-39, March.
- Barry Nalebuff & Ron Shachar, 1999.
"Follow the Leader: Theory and Evidence on Political Participation,"
American Economic Review,
American Economic Association, vol. 89(3), pages 525-547, June.
- Barry Nalebuff & Roni Shachar, 1997. "Follow The Leader: Theory And Evidence On Political Participation," Yale School of Management Working Papers ysm57, Yale School of Management.
- Anthony Downs, 1957. "An Economic Theory of Political Action in a Democracy," Journal of Political Economy, University of Chicago Press, vol. 65, pages 135.
- J. M. Clark, 1918. "Economics and Modern Psycholoy: I," Journal of Political Economy, University of Chicago Press, vol. 26, pages 1.
- Reiner Eichenberger & David Stadelmann & Marco Portmann, 2012. "A comparative analysis of the voting behavior of constituents and their representatives for public debts," Constitutional Political Economy, Springer, vol. 23(3), pages 244-260, September.
- Herbert A. Simon, 1955. "A Behavioral Model of Rational Choice," The Quarterly Journal of Economics, Oxford University Press, vol. 69(1), pages 99-118.
- Daniel Kahneman, 2003. "Maps of Bounded Rationality: Psychology for Behavioral Economics," American Economic Review, American Economic Association, vol. 93(5), pages 1449-1475, December.
When requesting a correction, please mention this item's handle: RePEc:qut:qubewp:wp005. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dipa Sarkar)
If references are entirely missing, you can add them using this form.