2011
DOI: 10.1515/9781400840328
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Party Competition: An Agent-Based Model

Abstract: Chapters of a draft manuscript for a book under contract to the Princeton Studies in Complexity series of Princeton University PressChapter 5 presents findings on satisficing with imperfect information.The introductory chapter sets these findings in context.Any and all comments are profoundly welcome. This is a work in progress: please do not cite without the authors' permission.Versions of this work have been presented at seminars at: Trinity College, Dublin; European University Institute, Fiesole; London Sch… Show more

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Cited by 87 publications
(96 citation statements)
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“…Roemer (2001) shows that if the issue space has more than one dimension, there are generally no equilibria if parties are pure office seekers. Under these assumptions, Laver and Sergenti (2012) also demonstrate that it is impossible to derive analytic expressions for the best strategy a party can adopt given the locations of other parties.…”
Section: What Are the Domestic And Foreign Influences On Parties' Polmentioning
confidence: 99%
See 2 more Smart Citations
“…Roemer (2001) shows that if the issue space has more than one dimension, there are generally no equilibria if parties are pure office seekers. Under these assumptions, Laver and Sergenti (2012) also demonstrate that it is impossible to derive analytic expressions for the best strategy a party can adopt given the locations of other parties.…”
Section: What Are the Domestic And Foreign Influences On Parties' Polmentioning
confidence: 99%
“…One such heuristic is for a party encountering electoral losses to do a volte-face, but not directly back along its past trajectory (Laver and Sergenti 2012). 5 Another heuristic is to adopt the best position you can, given where other parties are located, assuming they will not react to your change in strategy, i.e., to act in a parametrically rational way in what is actually a strategic context (Plümper and Martin 2008).…”
Section: What Are the Domestic And Foreign Influences On Parties' Polmentioning
confidence: 99%
See 1 more Smart Citation
“…Mathematical approaches to rational choice theories, although elegant, are inadequate to explain some complex phenomena in dynamic settings when agents adapt and interact with each other [34]. Rather, they build upon unrealistic assumptions concerning the behavior of agents engaged in political competition, particularly as to the assumption of perfect rationality of voters and political parties.…”
Section: Computational Modeling Of Voting Processesmentioning
confidence: 99%
“…Rather, they build upon unrealistic assumptions concerning the behavior of agents engaged in political competition, particularly as to the assumption of perfect rationality of voters and political parties. A realistic model of multiparty competition should consider that politics is dynamic (i.e., it does not reach a static equilibrium, but instead evolves over time), complex (i.e., outcomes at some point of time constitute subsequent inputs to the political system), diverse (i.e., politicians use different strategies or courses of action), and not random (i.e., system-level predictions can be made) (see [34], p. 3). Agent-based modeling (ABM) investigates outcomes from interactions among a diverse and large number of boundedly rational agents that adapt in an evolving system.…”
Section: Computational Modeling Of Voting Processesmentioning
confidence: 99%