Voting and information aggregation. Theories and experiments in the tradition of condorcet

Abstract

This thesis offers a justification for the use of plurality rule as an optimal way to aggregate information for societies composed of individuals with common interests but diverse information. The motivation of this thesis follows a line of research in social choice that dates back to the French mathematician and political philosopher Jean-Antoine-Nicolas de Caritat, Marquis de Condorcet (1743-1794). In his Essai sur l'application de l'analyse à la probabilité des decisions rendues à la pluralité des voix (1785), Condorcet posited that social justice would be secured if nations would adopt political constitutions that facilitate accurate group judgments, and argued that the majority rule would be the most likely constitutional tool to achieve this goal. Following this line of research, the first part of this thesis discusses the conditions under which plurality rule provides the society with the most likely method to reach accurate group judgments. In this part, as in Condorcet's work, it is assumed that voters act honestly. Natural developments in the theory of voting, that brought in the issues of incentives and strategic interaction in group decision making, were used to challenge the assumption of honest voting. Austen-Smith and Banks (1996) were the first to notice that the combination of private information and common interests in the framework proposed by Condorcet might create an incentive for voters to act strategically. This observation led them to ask the question of whether honest voting is compatible with the Nash equilibrium behavior in the game induced by majority rule. The second part of this thesis advances this problematic by studying voters' behavior in the game induced by plurality rule. The interest in real-world institutions, for which voting is an important element, raised for some time the question of whether voters behave as predicted by the theoretical models. Another question was of how to deal with the complexity of the strategic environment. The second part of this thesis calls for answers to these types of questions. Since the literature on voting experiments seems to provide reasonable answers to these questions, the third part of this thesis uses laboratory experiments to test the implications of the second part.

Date of Award	29 Jul 2002
Original language	Undefined/Unknown
Supervisor	Salvador Barberà (Director)