Voting for change in a referendum is the riskier option. People who voted for Brexit were more likely to be risk-takers. But when people have more information at their disposal, are they more or less likely to stick with the status quo? Davide Morisi found that when voters were making up their minds about how to vote in the 2014 Scottish independence referendum, the better-informed were more likely to choose Yes. But in a similar study conducted in the run-up to the EU referendum, more information made natural risk-takers slightly less inclined to vote Leave. Depending on their natural inclinations, voters can react very differently to the same arguments.
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