Correlation neglect in voting decisions: An experiment

Moser, Johannes and Wallmeier, Niklas (2021) Correlation neglect in voting decisions: An experiment. ECONOMICS LETTERS, 198: 109656. ISSN 0165-1765, 1873-7374

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Abstract

We investigate the influence of correlation neglect on information aggregation when a voter has to weigh external information about profitability against her risk preferences. In an online experiment, subjects are members of a group and vote either for a fixed payment or for a lottery of the same expected value. They receive signals which alternative may result in an additional bonus or penalty for their group. Our results suggest that subjects flip their vote because of correlation neglect. (C) 2020 Elsevier B.V. All rights reserved.

Item Type: Article
Uncontrolled Keywords: Correlation neglect; Voting; Bounded rationality; Experiment
Subjects: 300 Social sciences > 330 Economics
Divisions: Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie > Lehrstuhl für Mikroökonomik (Prof. Dr. Andreas Roider)
Depositing User: Dr. Gernot Deinzer
Date Deposited: 26 Aug 2022 06:24
Last Modified: 26 Aug 2022 06:24
URI: https://pred.uni-regensburg.de/id/eprint/47046

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