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According to the Finnish National Election Studies (FNES) the positions of Finnish parties in the years 2003 and 2007 were almost identical. In FNES, party placement is based on the voters’ perceptions and therefore it is assumed that either the voters have correctly guessed the positions of the parties or they have been wrong in their judgments. In the first case, the Finnish parties are likely to have reached a state of equilibrium where no party has an incentive for unilaterally changing its optimal position. On the other hand, if the voters are incorrect, it is likely that they have projected their own positions to the parties. The results reject the equilibrium hypothesis and confirm the projection hypothesis.
