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• W2162196268 abstract "The paper considers a repeated election game between an infinitely-lived representative voter and finitely-lived, heterogeneous politicians. The voter's prior belief about the incumbent's competency is updated during the incumbent's first term in office. The voter's problem is to find a rule that simultaneously selects and controls politicians. We show that the simple performance rule, standard in the literature, is justified as a time-consistent rule for a forward-looking voter. The outcome of a large class of perfect equilibria is “strategic caution”: incumbent politicians slow down the voter's Bayesian learning by taking only weakly informative actions." @default.
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• W2162196268 date "1992-07-01" @default.
• W2162196268 modified "2023-09-27" @default.
• W2162196268 title "PRUDENCE AND SUCCESS IN POLITICS" @default.
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• W2162196268 doi "https://doi.org/10.1111/j.1468-0343.1992.tb00061.x" @default.
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