Storable votes are a simple voting scheme that allows the minority to win occasionally, while treating every voter equally. Because the minority wins only when it cares strongly about a decision while the majority does not, minority victories occur without large costs and indeed typically with gains for the community as a whole. The idea is simple: consider a group of voters faced with a series of proposals, each of which can either pass or
fail. Decisions are taken according to the majority of votes cast, but each voter is endowed with a total budget of votes to spend freely over the multiple decisions. Because voters will choose to cast
more votes on decisions that matter to them most, they reveal the intensity of their preferences, and increase their probability of winning exactly when it matters to them most. Thus storable votes elicit and reward voters' intensity of preferences without the need for any external knowledge of voters' preferences. By treating everyone equally and ruling out interpersonal vote trades, they are in line with common ethical priors and are robust to criticisms, both normative and positive, that
affect vote markets. The book complements the theoretical discussion with several experiments, showing that the promise of the idea is borne out by the data: the outcomes of the experiments and the
payoffs realized match very closely the predictions of the theory. Because the intuition behind the voting scheme is so simple: "vote more when you care more," the results are robust across different scenarios, even when more subtle strategic effects are not identified by the subjects, suggesting that the voting scheme may have real potential for practical applications.Alessandra Casella has used the tools of economics to develop this idea both theoretically and
experimentally in major economics journals, but this is the first book-length treatment of the subject.
- ISBN:
- 9780195309089
- 9780195309089
-
Category:
- Political economy
- Format:
- Paperback
- Publication Date:
-
12-01-2012
- Language:
- English
- Publisher:
- Oxford University Press Inc
- Country of origin:
- United States
- Pages:
- 382
- Dimensions (mm):
- 155x231x18mm
- Weight:
- 0.54kg
This title is in stock with our Australian supplier and should arrive at our Sydney warehouse within 1 - 2 weeks of you placing an order.
Once received into our warehouse we will despatch it to you with a Shipping Notification which includes online tracking.
Please check the estimated delivery times below for your region, for after your order is despatched from our warehouse:
ACT Metro: 2 working days
NSW Metro: 2 working days
NSW Rural: 2-3 working days
NSW Remote: 2-5 working days
NT Metro: 3-6 working days
NT Remote: 4-10 working days
QLD Metro: 2-4 working days
QLD Rural: 2-5 working days
QLD Remote: 2-7 working days
SA Metro: 2-5 working days
SA Rural: 3-6 working days
SA Remote: 3-7 working days
TAS Metro: 3-6 working days
TAS Rural: 3-6 working days
VIC Metro: 2-3 working days
VIC Rural: 2-4 working days
VIC Remote: 2-5 working days
WA Metro: 3-6 working days
WA Rural: 4-8 working days
WA Remote: 4-12 working days
Share This Book: