Rational Choice Theory says you are right, but it can't explain why people vote nonetheless, even though the perceived cost is so high for the small actual gain.
Some people seem to get value out of voting itself, regardless of the outcome, which is bad news for a rational choice theory only looking at the value of the outcomes and not the inherent value of the choice itself.
Some people seem to get value out of voting itself, regardless of the outcome, which is bad news for a rational choice theory only looking at the value of the outcomes and not the inherent value of the choice itself.