We introduce a solution concept in the context of large elections with private information by embedding a model of boundedly rational voters into an otherwise standard equilibrium setting. A retrospective voting equilibrium (RVE) formalizes the idea that voters evaluate alternatives based on...

Studies of voting behavior in advanced industrial societies have demonstrated that voters rely on a plethora of information sources, including retrospective evaluations of parties, party identification and strong social networks, in making complex voting decisions. However, there is less...

Application of behavioral methodology in Political Economics shows that individuals are more susceptible to various cognitive biases which effects their decisions in the political field, resulting in action that is not based on their sincere choices. Using a voting game, this study aims to...

In a common-values election where voters receive a signal about which candidate is superior, suppose there is a small amount of uncertainty about the likelihood of the signal's outcome, holding fixed the correct candidate. Once this uncertainty is resolved, the signal is i.i.d. across agents....

Majority voting in board elections has emerged as a dominant theme in recent proxy seasons. Analysis of majority voting is important: first, the impact is controversial yet scant empirical evidence exists. Second, Congress is still considering mandating this practice. Third, there has been a...