Ortoleva, Pietro; Snowberg, Erik - In: American Economic Review 105 (2015) 2, pp. 504-35
This paper studies, theoretically and empirically, the role of overconfidence in political behavior. Our model of … overconfidence in beliefs predicts that overconfidence leads to ideological extremeness, increased voter turnout, and stronger … are tested using unique data that measure the overconfidence and standard political characteristics of a nationwide sample …