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This dissertation consists of three related chapters. The first chapter, which is written jointly with Lones Smith presents a dynamic model of deliberation by two privately informed individuals. Even by assuming the coarsest possible language to communicate information among members, it is shown that the decision is `almost instantaneous' when individuals have identical objectives. Despite the coarse syntax, the model also predicts that information aggregation can be quite effective. The second chapter asks the question under what circumstances can a static voting mechanism aggregate dispersed information of committee members. I argue that whenever the voters are able to cast multiple votes, the quality of the joint decision increases. However, voting mechanisms are intrinsically additive ways of aggregating private information. This, naturally, is not a binding constraint if the private information is conditionally independent. However, if the `meaning' of the private infor...
American Economic Review, 2008
In a model of costly voting where individuals have preferences that are a weighted combination of a private value and common value component, we study whether majority voting aggregates too much or too little information. Voters privately observe their own cost of participation, the private values component of their preferences and a noisy signal on the common values component of their preferences. Conditional on participation, we demonstrate that there is a unique symmetric Bayesian equilibrium in weakly dominated pure strategies where voters will always vote according to the common values signal if and only if the relative weight on private values is below a threshold number. When the relative weight on the private values is above the threshold, there is a unique voting equilibrium with excessive participation. In contrast, when the relative weight on the private values is below the threshold, we show that (a) there is too little information is aggregated at a voting equilibrium and in the vicinity of equilibrium, more participation is always Paretoimproving, (b) multiple Pareto-ranked voting equilibria may exist and in particular, compulsory voting may Pareto dominate voluntary voting.
2006
There has been recent interest in the limit properties of voter turnout in costly voting models (see, for instance Taylor and Yildirim (2005)). However, the focus of this work has been on the so-called private values case voters privately know which candidate they prefer and the only strategic decision is whether or not to go to the polls. A related literature pertains to the common valuescase voter preferences are determined by the realization of an unknown state of nature and each voter receives a noisy signal about the state. This line of research has focused on how di¤erences in voting rules lead to di¤erences in informational e¢ ciency (see Feddersen and Pesendorfer (1998)). However, this class of models does not consider costs of voting. In this paper, we analyze the common values case under costly voting. In our basic model, voters each have privately known and independently and identically distributed voting costs. In a variation of the model, in Section 3.2, we anal...
2008
We consider a group or committee that faces a binary decision under uncertainty. Each member holds some private information. Members agree which decision should be taken in each state of nature, had this been known, but they may attach different values to the two types of mistake that may occur. Most voting rules have a plethora of uninformative equilibria, and informative voting may be incompatible with equilibrium. We analyze an anonymous randomized majority rule that has a unique equilibrium. This equilibrium is strict, votes are informative, and the equilibrium implements the optimal decision with probability one in the limit as the committee size goes to infinity. We show that this also holds for the usual majority rule under certain perturbations of the behavioral assumptions: (i) a slight preference for voting according to one's conviction, and (ii) transparency and a slight preference for esteem. We also show that a slight probability for voting mistakes strengthens the incentive for informative voting.
2003
We characterize e cient equilibria of common interest voting games with privately informed voters and study the implications of e cient equilibrium selection for Condorcet jury theorems. We show that larger juries can do no worse than smaller ones and derive a simple necessary and su cient condition for asymptotic e ciency of di erent voting rules. This condition implies that the unanimity as well as near unanimity rules are asymptotically ine cient regardless of equilibrium selection. However, if the signal distribution fails a non-degeneracy condition, the unanimity rule dominates any other rule. Finally, if signals are conditionally independent, full information equivalence can be exactly achieved for any rule that allows the divisibility of individual votes, and for any nite number of voters.
Logics in Artificial Intelligence, 2004
Results in social choice theory such as the Arrow and Gibbard-Satterthwaite theorems constrain the existence of rational collective decision making procedures in groups of agents. The Gibbard-Satterthwaite theorem says that no voting procedure is strategy-proof. That is, there will always be situations in which it is in a voter's interest to misrepresent its true preferences i.e., vote strategically. We present some properties of strategic voting and then examine-via a bimodal logic utilizing epistemic and strategizing modalities-the knowledge-theoretic properties of voting situations and note that unless the voter knows that it should vote strategically, and how, i.e., knows what the other voters' preferences are and that it should vote a certain preference P , the voter will not strategize. Our results suggest that opinion polls in election situations effectively serve as the first n − 1 stages in an n stage election.
2021
Recent developments in blockchain technology have made possible greater progress on secure electronic voting, opening the way to better ways of democratic decision making. In this paper we formalise the features of ``liquid democracy'' which allows voters to delegate their votes to other voters, and we explore whether it improves information aggregation as compared to direct voting. We consider a two-alternative setup with truth-seeking voters (informed and uninformed) and partisan ones (leftists and rightists), and we show that delegation improves information aggregation in finite elections. We also propose a mechanism that further improves the information aggregation properties of delegation in private information settings, by guaranteeing that all vote transfers are from uninformed to informed truth-seeking voters. Delegation offers effective ways for truth-seeking uninformed voters to boost the vote-share of the alternative that matches the state of the world in all cons...
The Review of Economic Studies, 2013
This paper analyzes participation and information aggregation in a common-value election with continuous private signals. In equilibrium, some citizens ignore their private information and abstain from voting, in deference to those with higher-quality signals. Even as the number of highly-informed peers grows large, however, citizens with only moderate expertise continue voting, so that voter participation remains at realistic levels (e.g. 50% or 60%, for simple examples). The precise level of voter turnout, along with the margin of victory, are determined by the distribution of expertise. Improving a voter's information makes her more willing to vote, consistent with a growing body of empirical evidence, but makes her peers more willing to abstain, providing a new explanation for various empirical patterns of voting. Equilibrium participation is optimal, even though the marginal voter may have very little (e.g. below-average) expertise, and even though non-voters'information is not utilized.
We theoretically and experimentally study voter behavior in a setting characterized by plurality rule and mandatory voting, where voters choose from three options. We are interested in the occurrence of strategic voting in an environment where Condorcet cycles may occur. In particular, we focus on how information about the distribution of preferences affects strategic behavior. We also vary the relative importance of the second preferred option to investigate how this affects the strategic vote. Quantal response equilibrium analysis is used to analyze the game and proves to be a good predictor for the experimental data. Our results indeed show that strategic voting arises, the extent of which depends on (i) the availability of information; (ii) the relative importance of the intermediate candidate; (iii) the electorate‟s relative support for one‟s preferred candidate; and (iv) the relative position of the majoritary-supported candidate in a voter‟s preference ordering. Our results show that information serves as a coordination device where strategic voting does not harm the majority-preferred candidate‟s chances of winning.
2000
The Condorcet Jury Theorem pertains to elections in which the agents have common preferences but diverse information. We show that, whenever "sincere" voting leads to the conclusions of the Theorem-decisions superior to those that would be made by any individual based on private information, and asymptotically correct decisions as the population becomes large--there are also Nash equilibria with these properties,
Theory and Decision, 2017
In this study, we are concerned with how agents can best amalgamate their private information about a binary state of Nature. The agents are heterogeneous in their "ability", the quality of their private information. The agents cannot directly communicate their private information but instead can only vote between the two states (say "Innocent" or "Guilty" on a criminal jury). We first describe possible methods of sequential majority voting, and then we analyze a particular one: the first n -1 jurors vote simultaneously and, in the case of a tie, the remaining juror has the casting vote. We prove that when n = 3 (a common situation for a tribunal of three judges), the probability of a correct verdict is maximized when the agent of median ability has the casting vote.
Public Choice, 2018
This paper studies the collective decision-making processes of voters who have heterogeneous levels of rationality. Specifically, we consider a voting body consisting of both rational and sincere voters. Rational voters vote strategically, correctly using both their private information and the information implicit in other voters' actions to make decisions; sincere voters vote according to their private information alone. We first characterize the conditions under which the presence of sincere voters increases, reduces, or does not alter the probabilities of making correct collective decisions. We also discuss how the probabilities change when the incidence of sincere voters in the population varies. We then characterize the necessary and sufficient condition under which informational efficiency can be achieved when sincere voters coexist with rational voters. We find that when sincere voters are present, supermajority rules with high consensus levels are not as desirable as they are in rational voting models, as informational efficiency fails under such voting rules.
2012
We analyze committees of voters who take a decision between two options as a twostage process. In a discussion stage, voters share non verifiable information about a private signal concerning what is the best option. In a voting stage, votes are cast and one of the options is implemented. We introduce the possibility of leadership whereby a certain voter, the leader, is more influential than the rest at the discussion stage even though she is not better informed. We study information transmission and find, amongst others, a non-monotonic relation between how influential the leader is and how truthful voters are at discussion stage.
In a model of majority voting with common values and costly but voluntary participation, we show that in the vicinity of equilibrium, it is always Pareto-improving for more agents, on the average, to vote. This demonstrates that the negative voting externality identified by Borgers(2001) in the context of private values is always dominated by a positive informational externality. In addition, we show that multiple Pareto-ranked voting equilibria may exist and moreover, majority voting with compulsory participation can Pareto dominate majority voting with voluntary participation. Finally, we show that the inefficiency result is robust to limited preference heterogeneity.
Proceedings of the 24th ACM Conference on Economics and Computation
We study the voting game where agents' preferences are endogenously decided by the information they receive, and they can collaborate in a group. We show that strategic voting behaviors have a positive impact on leading to the "correct" decision, outperforming the common non-strategic behavior of informative voting and sincere voting. Our results give merit to strategic voting for making good decisions. To this end, we investigate a natural model, where voters' preferences between two alternatives depend on a discrete state variable that is not directly observable. Each voter receives a private signal that is correlated with the state variable. We reveal a surprising equilibrium between a strategy profile being a strong equilibrium and leading to the decision favored by the majority of agents conditioned on them knowing the ground truth (referred to as the informed majority decision): as the size of the vote goes to infinity, every-strong Bayes Nash Equilibrium with converging to 0 formed by strategic agents leads to the informed majority decision with probability converging to 1. On the other hand, we show that informative voting leads to the informed majority decision only under unbiased instances, and sincere voting leads to the informed majority decision only when it also forms an equilibrium. CCS Concepts: • Theory of computation → Algorithmic game theory; • Computing methodologies → Distributed artificial intelligence.
2006
Whether made explicit or implicit, knowledge theoretic properties such as common knowledge of rationality are important in understanding and modeling game-theoretic, or strategic, situations. There is a large literature devoted to exploring these and other issues related to the epistemic foundations of game theory. Much of the literature focuses on what the agents need to know about the other agents' strategies, rationality or knowledge in order to guarantee that a particular solution concept, such as the Nash equilibrium, is realized. This paper, which is based on two recent papers 1 [7] and [16], develops a framework that looks at similar issues relevant to the field of voting theory. Our analysis suggests that an agent must possess information about the other agents' preferences in order for the agent to decide to vote strategically. In a sense, our claim is that the agents need a certain amount of information in order for the Gibbard-Satterthwaite theorem to be "effective".
University of Copenhagen Economics Working Paper No. 08-25, 2008
We examine abstention when voters in standing committees are asymmetrically informed and there are multiple pure strategy equilibria-swing voter's curse (SVC) equilibria where voters with low quality information abstain and equilibria when all participants vote their information. When the asymmetry in information quality is large, we …nd that voting groups largely coordinate on the SVC equilibrium which is also Pareto Optimal. However, we …nd that when the asymmetry in information quality is not large and the Pareto Optimal equilibrium is for all to participate, signi…cant numbers of voters with low quality information abstain. Furthermore, we …nd that information asymmetry induces voters with low quality information to coordinate on a non-equilibrium outcome. This suggests that coordination on "letting the experts" decide is a likely voting norm that sometimes validates SVC equilibrium predictions but other times does not.
University of Copenhagen Economics Working Paper No. 14-18, 2014
We investigate experimentally the effects of corrupt experts on information aggregation in committees. We find that non-experts are significantly less likely to delegate through abstention when there is a probability that experts are corrupt. Such decreased abstention, when the probability of corrupt experts is low, actually increases information efficiency in committee decision-making. However, if the probability of corrupt experts is large, the effect is not sufficient to offset the mechanical effect of decreased information efficiency due to corrupt experts. Our results demonstrate that the norm of "letting the expert decide" in committee voting is influenced by the probability of corrupt experts, and that influence can have, to a limited extent, a positive effect on information efficiency.
Economics and Philosophy, 2015
We present a model of collective decision making in which aggregation and deliberation are treated simultaneously. In our model, individuals debate in a public forum and potentially revise their judgements in light of deliberation. Once this process is exhausted, a rule is applied to aggregate post-deliberation judgements in order to make a social choice. Restricting attention to three alternatives, we identify conditions under which a democracy is "truth-revealing". This condition says that the deliberation path and the aggregation rule always * Financial support from the Irish Research Council for the Humanities and Social Sciences, the Spanish Ministry of Science and Innovation through MICINN/FEDER grants ECO2010-21624 and ECO2010-14929, and the NUI Galway Millennium Fund is gratefully acknowledged. We are grateful for comments received at a Choice Group seminar at LSE and also those received at a seminar at the Université de Caen. In particular, we would like to thank
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