The Marginal Voter’s Curse*
研究发现选民不仅关注投票决定选举的罕见情况,还应关注投票的边际影响,这导致选民为避免稀释信息而弃权,且这种边际选民诅咒比摇摆选民诅咒更强更稳健。
Abstract The swing voter’s curse is useful for explaining patterns of voter participation, but arises because voters restrict attention to the rare event of a pivotal vote. Recent empirical evidence suggests that electoral margins influence policy outcomes, even away from the 50% threshold. If so, voters should also pay attention to the marginal impact of a vote. Adopting this assumption, we find that a marginal voter’s curse gives voters a new reason to abstain, to avoid diluting the pool of information. The two curses have similar origins and exhibit similar patterns, but the marginal voter’s curse is both stronger and more robust. In fact, the swing voter’s curse turns out to be knife-edge: in large elections, a model with both pivotal and marginal considerations and a model with marginal considerations alone generate identical equilibrium behavior.