A Local-Dominance Theory of Voting Equilibria
Reshef Meir, Omer Lev, Jeffrey S. Rosenschein

TL;DR
This paper introduces a new local dominance-based model for strategic voting that accounts for bounded rationality and limited information, demonstrating rapid convergence to stable equilibria and replicating real-world voting patterns.
Contribution
It proposes a novel behavioral heuristic for strategic voting, proves the existence of equilibria under this model, and shows its effectiveness through simulations and real data.
Findings
Voting equilibria exist under broad local dominance relations.
Dynamics converge quickly from truthful states in iterative voting.
Strategic voting improves winner quality and aligns with known voting patterns.
Abstract
It is well known that no reasonable voting rule is strategyproof. Moreover, the common Plurality rule is particularly prone to strategic behavior of the voters and empirical studies show that people often vote strategically in practice. Multiple game-theoretic models have been proposed to better understand and predict such behavior and the outcomes it induces. However, these models often make unrealistic assumptions regarding voters' behavior and the information on which they base their vote. We suggest a new model for strategic voting that takes into account voters' bounded rationality, as well as their limited access to reliable information. We introduce a simple behavioral heuristic based on \emph{local dominance}, where each voter considers a set of possible world states without assigning probabilities to them. This set is constructed based on prospective candidates' scores (e.g.,…
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Taxonomy
TopicsGame Theory and Voting Systems · Game Theory and Applications · Experimental Behavioral Economics Studies
