Are voters rational?

Teemu Lyytikäinen and Janne Tukiainen

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: We test whether a voter’s decision to cast a vote depends on its probability of affecting the election outcome. Using exogenous variation arising at population cutoffs determining council sizes in Finnish municipal elections, we show that larger council size increases both pivotal probabilities and turnout. These effects are statistically significant, fairly large and robust. Finally, we use a novel instrumental variables design to show that the jumps in the pivotal probabilities are the likely candidate for explaining the increase in turnout, rather than the other observed simultaneous jumps at the council size cutoffs. Moreover, our results indicate that turnout responds only to within-party pivotal probabilities, perhaps because they are more salient to the voters than the between-party ones.

Keywords: local government elections; instrumental variables; rational voting; regression discontinuity design (search for similar items in EconPapers)
JEL-codes: D72 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2019-09-01
New Economics Papers: this item is included in nep-cdm, nep-pol and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Published in European Journal of Political Economy, 1, September, 2019, 59, pp. 230-242. ISSN: 0176-2680

Downloads: (external link)
http://eprints.lse.ac.uk/100217/ Open access version. (application/pdf)

Related works:
Journal Article: Are voters rational? (2019)
Working Paper: Are Voters Rational? (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:100217

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