Fatás, Enrique; Neugebauer, Tibor; Tamborero, Pilar - Centro de Estudios Andaluces, Government of Andalusia - 2004
We report on an experimental study with real-world politicians. These political experts face political choice problems under risk and probability. Thus, we test the frequently observed violations of rational choice theory -the reference point effect, loss aversion, framing effects, and the...