The Credibility Factor in Elections: Evidence from Britain's Nationwide Building Society's Vote against Conversion
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 vo...
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| Veröffentlicht in: | Public choice 2001-04, Vol.107 (1/2), p.115-133 |
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| container_end_page | 133 |
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| container_title | Public choice |
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| creator | Hoopes, Stephanie |
| description | 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. |
| doi_str_mv | 10.1023/A:1010375907602 |
| format | Article |
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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.</description><subject>Banks</subject><subject>Building societies</subject><subject>Candidates</subject><subject>Commercial buildings</subject><subject>Conversion costs</subject><subject>Cost control</subject><subject>Credibility</subject><subject>Decision Making</subject><subject>Economic behaviour</subject><subject>Elections</subject><subject>Interest rates</subject><subject>Investment horizon</subject><subject>Investment return rates</subject><subject>Political behaviour</subject><subject>Political candidates</subject><subject>Political psychology</subject><subject>Public choice</subject><subject>Questionnaires</subject><subject>Rational choice</subject><subject>Referendums</subject><subject>Response rates</subject><subject>Savings accounts</subject><subject>Society</subject><subject>Stockholders</subject><subject>Studies</subject><subject>United Kingdom</subject><subject>Voter behavior</subject><subject>Voters</subject><subject>Voting</subject><subject>Voting Behavior</subject><subject>Voting 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choice</jtitle><date>2001-04-01</date><risdate>2001</risdate><volume>107</volume><issue>1/2</issue><spage>115</spage><epage>133</epage><pages>115-133</pages><issn>0048-5829</issn><eissn>1573-7101</eissn><coden>PUCHBX</coden><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.</abstract><cop>Dordrecht</cop><pub>Kluwer Academic Publishers</pub><doi>10.1023/A:1010375907602</doi><tpages>19</tpages></addata></record> |
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| identifier | ISSN: 0048-5829 |
| ispartof | Public choice, 2001-04, Vol.107 (1/2), p.115-133 |
| issn | 0048-5829 1573-7101 |
| language | eng |
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| source | Worldwide Political Science Abstracts; EBSCOhost Business Source Complete; JSTOR Archive Collection A-Z Listing; EBSCOhost Political Science Complete; SpringerLink Journals - AutoHoldings |
| subjects | Banks Building societies Candidates Commercial buildings Conversion costs Cost control Credibility Decision Making Economic behaviour Elections Interest rates Investment horizon Investment return rates Political behaviour Political candidates Political psychology Public choice Questionnaires Rational choice Referendums Response rates Savings accounts Society Stockholders Studies United Kingdom Voter behavior Voters Voting Voting Behavior Voting behaviour |
| title | The Credibility Factor in Elections: Evidence from Britain's Nationwide Building Society's Vote against Conversion |
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