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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
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http://hdl.handle.net/10419/62318
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| Title: | | Bounded rationality and voting decisions exploring a 160-year period  |
| Authors: | | Stadelmann, David Torgler, Benno |
| Issue Date: | | 2012 |
| Series/Report no.: | | CESifo Working Paper: Public Choice 3907 |
| Abstract: | | Using a natural voting experiment in Switzerland that encompasses a 160-year period (1848 - 2009), we investigate whether a higher level of complexity leads to increased reliance on expert knowledge. We find that when more referenda are held on the same day, constituents are more likely to refer to parliamentary recommendations in making their decisions. This finding holds true even when we narrow our focus to referenda with a relatively lower voter turnout on days on which more than one referendum was held. We also show that when constituents face a higher level of complexity, they listen to parliament rather than interest groups. |
| Subjects: | | bounded rationality voting referenda attention rules of thumb |
| JEL: | | D03 D72 D83 H70 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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