IDEAS home Printed from https://ideas.repec.org/a/kap/pubcho/v107y2001i1p115-133.html
   My bibliography  Save this article

The Credibility Factor in Elections: Evidence from Britain's Nationwide Building Society's Vote Against Conversion

Author

Listed:
  • Stephanie Hoopes

Abstract

Why did members of Nationwide Building Society vote against converting to a bank and, by doing so,turn down a £ 2,000 windfall each? The findings of a survey of Nationwide members show that voters make more sophisticated and calculated choices than previously believed. In the Nationwide case, the voting decision was a calculation of costs and benefits as well as an evaluation of the likelihood that they would in fact be realised. The inclusion of a likelihood variable, which is based on information and attitude towards risk, provides a more realistic approach to understanding voting in rational choice terms. Copyright Kluwer Academic Publishers 2001

Suggested Citation

  • Stephanie Hoopes, 2001. "The Credibility Factor in Elections: Evidence from Britain's Nationwide Building Society's Vote Against Conversion," Public Choice, Springer, vol. 107(1), pages 115-133, April.
    • Handle: RePEc:kap:pubcho:v:107:y:2001:i:1:p:115-133
    DOI: 10.1023/A:1010375907602
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1023/A:1010375907602
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1023/A:1010375907602?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Enelow, James M & Munger, Michael C, 1993. "The Elements of Candidate Reputation: The Effect of Record and Credibility on Optimal Spatial Location," Public Choice, Springer, vol. 77(4), pages 757-772, December.
    2. Palfrey, Thomas R. & Rosenthal, Howard, 1985. "Voter Participation and Strategic Uncertainty," American Political Science Review, Cambridge University Press, vol. 79(1), pages 62-78, March.
    3. Anthony Downs, 1957. "An Economic Theory of Political Action in a Democracy," Journal of Political Economy, University of Chicago Press, vol. 65(2), pages 135-135.
    4. Thomas Palfrey & Howard Rosenthal, 1983. "A strategic calculus of voting," Public Choice, Springer, vol. 41(1), pages 7-53, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. , & ,, 2006. "Group formation and voter participation," Theoretical Economics, Econometric Society, vol. 1(4), pages 461-487, December.
    2. Ming Li & Dipjyoti Majumdar, 2010. "A Psychologically Based Model of Voter Turnout," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 12(5), pages 979-1002, October.
    3. Alastair Smith & Bruce Bueno de Mesquita & Tom LaGatta, 2017. "Group incentives and rational voting1," Journal of Theoretical Politics, , vol. 29(2), pages 299-326, April.
    4. Bendor, Jonathan & Diermeier, Daniel & Ting, Michael M., 2000. "A Behavioral Model of Turnout," Research Papers 1627, Stanford University, Graduate School of Business.
    5. João Amaro de Matos & Pedro Barros, 2004. "Social Norms and the Paradox of Elections’ Turnout," Public Choice, Springer, vol. 121(1), pages 239-255, October.
    6. Antonio Merlo & Thomas R. Palfrey, 2018. "External validation of voter turnout models by concealed parameter recovery," Public Choice, Springer, vol. 176(1), pages 297-314, July.
    7. Fosco, Constanza & Laruelle, Annick & Sánchez, Angel, 2009. "Turnout Intention and Social Networks," IKERLANAK info:eu-repo/grantAgreeme, Universidad del País Vasco - Departamento de Fundamentos del Análisis Económico I.
    8. Valentina A. Bali & Lindon J. Robison & Richard Winder, 2020. "What Motivates People to Vote? The Role of Selfishness, Duty, and Social Motives When Voting," SAGE Open, , vol. 10(4), pages 21582440209, October.
    9. Levine, David K. & Palfrey, Thomas R., 2007. "The Paradox of Voter Participation? A Laboratory Study," American Political Science Review, Cambridge University Press, vol. 101(1), pages 143-158, February.
    10. Taylor, Curtis R. & Yildirim, Huseyin, 2010. "A unified analysis of rational voting with private values and group-specific costs," Games and Economic Behavior, Elsevier, vol. 70(2), pages 457-471, November.
    11. Jens Großer & Arthur Schram, 2010. "Public Opinion Polls, Voter Turnout, and Welfare: An Experimental Study," American Journal of Political Science, John Wiley & Sons, vol. 54(3), pages 700-717, July.
    12. Tim Powlowski & Dennis Coates, 2013. "The habit for voting, “civic duty” and travel distance," UMBC Economics Department Working Papers 13-05, UMBC Department of Economics.
    13. Großer, Jens & Schram, Arthur, 2006. "Neighborhood Information Exchange and Voter Participation: An Experimental Study," American Political Science Review, Cambridge University Press, vol. 100(2), pages 235-248, May.
    14. Cameron Guage & Feng Fu, 2021. "Asymmetric Partisan Voter Turnout Games," Dynamic Games and Applications, Springer, vol. 11(4), pages 738-758, December.
    15. Barr, Abigail & Packard, Truman & Serra, Danila, 2014. "Participatory accountability and collective action: Experimental evidence from Albania," European Economic Review, Elsevier, vol. 68(C), pages 250-269.
    16. Chilton, John, 1998. "Strategic Poll Responses When Elections Create Mandates," Public Choice, Springer, vol. 94(1-2), pages 21-47, January.
    17. Schram, Arthur & Sonnemans, Joep, 1996. "Why people vote: Experimental evidence," Journal of Economic Psychology, Elsevier, vol. 17(4), pages 417-442, August.
    18. Alberto Grillo, 2017. "Risk aversion and bandwagon effect in the pivotal voter model," Public Choice, Springer, vol. 172(3), pages 465-482, September.
    19. Helios Herrera & Andrea Mattozzi, 2006. "Turnout and Quorum in Referenda," Levine's Bibliography 321307000000000230, UCLA Department of Economics.
    20. Sobbrio, Francesco & Navarra, Pietro, 2010. "Electoral participation and communicative voting in Europe," European Journal of Political Economy, Elsevier, vol. 26(2), pages 185-207, June.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:pubcho:v:107:y:2001:i:1:p:115-133. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.