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Qiaochu_Yuan comments on Privileging the Question - Less Wrong
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Yes, I think that's a nice selection of reasons. But I also think that when most people discuss political questions they aren't doing it to become better-informed voters. A strategy optimized for better voting wouldn't look like constantly discussing political questions, it would look like maybe setting aside a few weeks before election day to do a lot of research. A strategy optimized for influencing the votes of others would look like a grassroots campaign or something.
Yes. They're also trying to influence other people's votes.
A grassroots campaign sounds like a significant expenditure of effort compared to voting and casual conversation about the issues. Perhaps maximizing our influence on the votes of others is not the only consideration, and voting hits a sweet spot which returns acceptable values for "(potentially) having an effect", "not too time consuming", and "improves my self-image".
You're right about setting aside some time for research, though; it'd be nice if we maximized potential effect in the correct direction :P