The probability of being decisive

Authors
Citation
Aj. Fischer, The probability of being decisive, PUBL CHOICE, 101(3-4), 1999, pp. 267-283
Citations number
25
Categorie Soggetti
Politucal Science & public Administration
Journal title
PUBLIC CHOICE
ISSN journal
00485829 → ACNP
Volume
101
Issue
3-4
Year of publication
1999
Pages
267 - 283
Database
ISI
SICI code
0048-5829(199912)101:3-4<267:TPOBD>2.0.ZU;2-#
Abstract
The probability of a voter being decisive (P-D), that is, of one vote affec ting the outcome of an election, has generally been incorrectly calculated for the last twenty or more years. The method normally used is due to Banzh af (1968) and generalised by Beck (1974). It assumes that voters know in ad vance how many people will vote for each candidate, which is clearly not th e case. The correct formulation was given by Good and Mayer in 1975, but wa s ignored and has subsequently been all but forgotten since then. A simple explanation of these methods is given. Using the incorrect method, errors o f magnitude of more than 10(100) in calculating P-D correctly can be made. The appropriateness of using a decision-theoretic formulation instead of a game-theoretic one is also discussed.