This paper introduces a pre-election polling stage to Feddersen and Pesendorfer's two-candidate election model in which some voters are uncertain about the state of the world. While Feddersen and Pesendorfer find that less informed, indifferent voters strictly prefer abstention, which they refer to as the swing voter's curse, I show that there exists an equilibrium in which everyone truthfully reveals his or her preference in the pre-election poll and participates in voting. Moreover, even in the truth-telling equilibrium, the candidate who leads in the poll may lose the election. However, polls can help elections aggregate information more successfully.
机构:
City Univ Hong Kong, Dept Econ & Finance, Hong Kong, Hong Kong, Peoples R ChinaCity Univ Hong Kong, Dept Econ & Finance, Hong Kong, Hong Kong, Peoples R China
Andonie, Costel
Kuzmics, Christoph
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Univ Bielefeld, IMW, D-33615 Bielefeld, GermanyCity Univ Hong Kong, Dept Econ & Finance, Hong Kong, Hong Kong, Peoples R China