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Does polarization of opinions lead to polarization of platforms? the case of correlation neglect

Author

Listed:
  • Levy, Gilat
  • Razin, Ronny
Abstract
In this paper we question the common wisdom that more polarized voters? opinions imply larger policy polarization. We analyze a voting model in which the source of the polarization in voters? opinions is ?correlation neglect?, that is, voters neglect the correlation in their information sources. Our main result shows that such polarization in opinions does not necessarily translate to policy polarization; when the electoral system is not too competitive (that is, when there is some aggregate noise in the election?s outcome), then voters with correlation neglect may induce lower levels of policy polarization compared with rational electorates.

Suggested Citation

  • Levy, Gilat & Razin, Ronny, 2015. "Does polarization of opinions lead to polarization of platforms? the case of correlation neglect," CEPR Discussion Papers 10405, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:10405
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    References listed on IDEAS

    as
    1. Edward L. Glaeser & Cass R. Sunstein, 2007. "Extremism and Social Learning," NBER Working Papers 13687, National Bureau of Economic Research, Inc.
    2. Jimmy Chan & Wing Suen, 2008. "A Spatial Theory of News Consumption and Electoral Competition," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 75(3), pages 699-728.
    3. Martinelli, Cesar, 2006. "Would rational voters acquire costly information?," Journal of Economic Theory, Elsevier, vol. 129(1), pages 225-251, July.
    4. Bernhardt, Dan & Duggan, John & Squintani, Francesco, 2009. "The Case for Responsible Parties," American Political Science Review, Cambridge University Press, vol. 103(4), pages 570-587, November.
    5. Arianna Degan, 2006. "Policy Positions, Information Acquisition and Turnout," Scandinavian Journal of Economics, Wiley Blackwell, vol. 108(4), pages 669-682, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
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    Cited by:

    1. Razin, Ronny & Levy, Gilat, 2020. "Combining forecasts in the presence of ambiguity over correlation structures," LSE Research Online Documents on Economics 104641, London School of Economics and Political Science, LSE Library.
    2. Philipp Denter & Martin Dumav & Boris Ginzburg, 2021. "Social Connectivity, Media Bias, and Correlation Neglect," The Economic Journal, Royal Economic Society, vol. 131(637), pages 2033-2057.
    3. Levy, Gilat & Razin, Ronny, 2018. "Information diffusion in networks with the Bayesian Peer Influence heuristic," LSE Research Online Documents on Economics 86554, London School of Economics and Political Science, LSE Library.
    4. Anirban Mitra, 2018. "Mandated Political Representation and Redistribution," Economica, London School of Economics and Political Science, vol. 85(338), pages 266-280, April.
    5. Inés Moreno de Barreda & Gilat Levy & Ronny Razin, 2017. "Persuasion with Correlation Neglect: Media Power via Correlation of News Content," Economics Series Working Papers 836, University of Oxford, Department of Economics.
    6. Ben Lockwood & James Rockey, 2020. "Negative Voters? Electoral Competition with Loss-Aversion," The Economic Journal, Royal Economic Society, vol. 130(632), pages 2619-2648.
    7. Dodlova, Marina & Zudenkova, Galina, 2021. "Incumbents’ performance and political extremism," Journal of Public Economics, Elsevier, vol. 201(C).
    8. Laohakunakorn, Krittanai & Levy, Gilat & Razin, Ronny, 2019. "Private and common value auctions with ambiguity over correlation," Journal of Economic Theory, Elsevier, vol. 184(C).
    9. Levy, Gilat & Razin, Ronny, 2022. "Combining forecasts in the presence of ambiguity over correlation structures," Journal of Economic Theory, Elsevier, vol. 199(C).
    10. Youzong Xu, 2019. "Collective decision-making of voters with heterogeneous levels of rationality," Public Choice, Springer, vol. 178(1), pages 267-287, January.
    11. Sevgi Yuksel, 2022. "Specialized Learning And Political Polarization," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 63(1), pages 457-474, February.
    12. Aytimur, R. Emre & Suen, Richard M. H., 2024. "Information Quality, Disagreement and Political Polarisation," MPRA Paper 121112, University Library of Munich, Germany.
    13. Laohakunakorn, Krittanai & Levy, Gilat & Razin, Ronny, 2019. "Private and common value auctions with ambiguity over correlation," LSE Research Online Documents on Economics 101410, London School of Economics and Political Science, LSE Library.
    14. Helios Herrera & Aniol Llorente-Saguer & Joseph C McMurray, 2019. "The Marginal Voter's Curse," The Economic Journal, Royal Economic Society, vol. 129(624), pages 3137-3153.
    15. Levy, Gilat & Razin, Ronny, 2018. "Information diffusion in networks with the Bayesian Peer Influence heuristic," Games and Economic Behavior, Elsevier, vol. 109(C), pages 262-270.
    16. Ignacio Esponda & Demian Pouzo, 2017. "Conditional Retrospective Voting in Large Elections," American Economic Journal: Microeconomics, American Economic Association, vol. 9(2), pages 54-75, May.

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    More about this item

    Keywords

    Correlation neglect; Polarization; Policy polarization; Public opinion;
    All these keywords.

    JEL classification:

    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior

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