We study the behaviour of the Betfair betting market and the sterling/dollar exchange rate (futures price) during 24 June 2016, the night of the EU referendum. We investigate how the two markets responded to the announcement of the voting results. We employ a Bayesian updating methodology to update prior opinion about the likelihood of the final outcome of the vote. We then relate the voting mo...

We study a modification of the so-called Parrondo’s paradox where a large number of individuals choose the game they want to play by voting. We show that it can be better for the players to vote randomly than to vote according to their own benefit in one turn. The former yields a winning tendency while the latter results in steady losses. An explanation of this behaviour is given by noting that...

Many of the small island democracies of the South Pacific are natural laboratories for constitutional and electoral experimentation, but have tended to be ignored by comparative political science research. This article examines one apparently unknown case of electoral innovation from the region: the use of Borda count voting procedures for elections in the Pacific Island states of Nauru and Kir...

Why do members of parliament (MPs) vote against the party line? Recent explanations of party unity focus on MPs crosspressured between the demands of competing principals such as their party and local constituencies. This article tests key claims of the Competing Principals Theory on the level of individual deputies. It relies on public statements in which MPs explain their voting behaviour. Th...

To proposing a voting model for groups with members of unequal power and proficiency, we present some models for rank ordering efficient candidates, by extending the ideas of some authors. Then, we propose a new methodology to rank the ranking models for the performance indices of only DEA efficient candidates based on a classical voting model. Also, an approach for combining the results obtain...