Along with my co-authors Dominik Schmidt and Thomas Stöckl, we examined traders’ regulation preferences conditional on their prospects of becoming informed. Our findings reveal that traders voted against regulation in 64% of referenda. Moreover, traders’ prospects of becoming informed significantly impacted the outcomes of the referenda. Individual votes reveal that traders who know they will remain uninformed support regulation in 69.27% of the cases, while informed traders do so only 8.33% of the time. Traders who may or may not become informed support regulation 33.33% of the time. Link to the paper (open access)
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