Hong, Chew Soo; Konrad, Kai A.
Bandwagon Effects and Two-Party Majority Voting.
In: Journal of Risk and Uncertainty, Vol. 16, No. 2: pp. 165-172
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Empirical studies of voting behavior provide evidence of bandwagon effects. Some voters, believing that a particular candidate will win, vote for this candidate even though they prefer the alternative. This paper provides a non-expected utility explanation of such behavior by positing that voters may be averse to the uncertainty associated with an election.