Voting brains

More evidence for voter irrationality

Whenever some of us claim that voters are irrational, we’re met with the accusation that we’re elitists who haven’t come to terms with the possibility that crowds are wiser than we are. In this context, therefore, I welcome some new research by Erik Eyster and Ernesto and Pedro Dal Bo who provide experimental evidence (pdf) that voters are irrational. They got subjects to play a prisoners’ dilemma game in which there were big pay-offs to defecting with the result that subjects did not cooperate even though the aggregate rewards to doing so were high. ….[READ]