Special Section: Experiments on Learning, Methods, and Voting

Giuseppe Attanasi, Luca Corazzini, Nikolaos Georgantzís () and Francesco Passarelli

Pacific Economic Review, 2014, vol. 19, issue 3, 355-386

Abstract: We present and experimentally test a theoretical model of majority threshold determination as a function of voters’ risk preferences. The experimental results confirm the theoretical prediction of a positive correlation between the voter's risk aversion and the corresponding preferred majority threshold. Furthermore, the experimental results show that a voter's preferred majority threshold negatively relates to the voter's confidence about how others will vote. Moreover, in a treatment in which individuals receive a private signal about others’ voting behaviour, the confidence-related motivation of behaviour loses ground to the signal's strength.

Date: 2014
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