Voting as a war of attrition
Abstract
We study communication in committees selecting one of two alternatives when consensus is required and agents have private information about their preferences. Delaying the decision is costly, so a form of multiplayer war of attrition emerges. Waiting allows voters to express the intensity of their preferences and may help to select the alternative correctly more often than simple majority. In a series of laboratory experiments, we investigate...
Paper Details
Title
Voting as a war of attrition
Published Date
Nov 1, 2019
Volume
167
Pages
104 - 121
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