Showing 1 - 10 of 17
’ results depend on a very strong assumption about how information affects public opinion. He restricts all respondents … questions of public policy seriously while respecting ideological and partisan differences in opinion and interest. Indeed … turning our attention to explaining differences of opinion, we can help to forge a stronger and more credible foundation for …
Persistent link: https://www.econbiz.de/10005556921
importance of social norms and feelings (e.g. embarrassment and unfairness felt when one does not tip) in motivating economic …
Persistent link: https://www.econbiz.de/10005134994
An important question about social norms is whether they are created to increase welfare; I address it by examining the characteristics of tipped and non-tipped occupations. Tipping prevalence is negatively correlated with worker’s income and consumer’s monitoring ability and positively with...
Persistent link: https://www.econbiz.de/10005408287
have no feelings and do not care about social norms. This article reviews the early history of tipping and offers an …
Persistent link: https://www.econbiz.de/10005556865
If each member of a group assigns a certain probability to a hypothesis, what probability should the collective as a whole assign? More generally, how should individual probability functions be merged into a single collective one? I investigate this question in case that the individual...
Persistent link: https://www.econbiz.de/10005412461
Voting on unidimensional issues will produce equilibrium outcomes if voter preferences are single peaked. While the equilibrium outcomes would not necessarily be Pareto optimal, they would be stable. This paper shows that voting on multidimensional issues can produce stable equilibria if the...
Persistent link: https://www.econbiz.de/10005556972
In general, I thought that the Boal and Willis “Note on the Armstrong/Mitroff Debate” 1 provided an interesting and fair discussion. 2 The summary of the consequences of the subjective versus objective approaches (Table 1 in their paper) was helpful. It clearly outlined the dilemma faced by...
Persistent link: https://www.econbiz.de/10005556516
hypotheses strategy seems to be both efficient and unbiased. Despite its apparent lack of objectivity, most management scientists … advocacy. A review of the published empirical evidence indicates that advocacy reduces tire objectivity of the scientists. No … evidence was found to suggest that this lack of objectivity could be overcome by a 'marketplace for ideas' (i.e., publication …
Persistent link: https://www.econbiz.de/10005119408
This paper extends the analogy previously established by Leamer (1978a), between a Bayesian inference problem and an economics allocation problem, and shows that posterior modes can be interpreted as optimal outcomes of a bargaining game. This bargaining game, over a parameter value, is played...
Persistent link: https://www.econbiz.de/10005119185
Presents a complete and detailed constitutional framework applying the rational self-interest model and market mechanisms to intra and inter- governmental behaviour and collective decisions. In particular, the paper presents an enabling mechanism for the creation, adjustment and dissolution of...
Persistent link: https://www.econbiz.de/10005076593