Unanimous Rules in the Laboratory
Laurent Bouton, Aniol Llorente-Saguer, Frédéric Malherbe
Abstract
Open-access reader
Laurent Bouton, Aniol Llorente-Saguer, Frédéric Malherbe
Abstract
Open-access reader
We study the information aggregation properties of unanimous voting rules in the laboratory. In line with theoretical predictions, we find that majority rule with veto power dominates unanimity rule. We also find that the strategic voting model is a fairly good predictor of subject behavior. Finally, we exploit a framing effect to study how the presence of less sophisticated agents affects Veto's welfare properties.
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We study the information aggregation properties of unanimous voting rules in the laboratory. In line with theoretical predictions, we find that majority rule with veto power dominates unanimity rule. We also find that the strategic voting model is a fairly good predictor of subject behavior. Finally, we exploit a framing effect to study how the presence of less sophisticated agents affects Veto's welfare properties.
Key concepts: Unanimity, Veto, Voting, Outcome (game theory), Cardinal voting systems, Bullet voting, Majority rule, Affect (linguistics)