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Explaining individual behavior in politics should rely on the same motivational assumptions as explaining behavior in the market: That’s what Political Economy, understood as the application of economics to the study of political processes, is all about. In its standard variant, those who...
Persistent link: https://www.econbiz.de/10010412852
We test experimentally an explanation of over and under confidence as motivated by (perhaps unconscious) strategic concerns, and find compelling evidence supporting this hypothesis in the behavior of participants who send and respond to others ́statements of confidence about how well they have...
Persistent link: https://www.econbiz.de/10010223063
The power-to-take game is a simple two player game where players are randomly divided into pairs consisting of a take authority and responder. Both players in each pair have earned an income in an individual real effort decision-making experiment preceding the take game. The game consists of two...
Persistent link: https://www.econbiz.de/10009781606
positions. The dataset includes the voting behavior of 257 MPs in 218 roll-call votes. Our results do not show that parties … account for the voting behavior by punishing politicians who have voted against the party line. Political parties may attract … different groups of voters by tolerating politicians who vote according to their own credo. Qualities other than the voting …
Persistent link: https://www.econbiz.de/10011659465
the majority increased by one percentage point, the likelihood of voting in favour of same-sex marriage decreased by …
Persistent link: https://www.econbiz.de/10011742931
Standard economics omits the role of narratives (the stories that people tell themselves and others) when they make all kinds of decisions. Narratives play a role in understanding the environment; focusing attention; predicting events; motivating action; assigning social roles and identities;...
Persistent link: https://www.econbiz.de/10011422534
We focus on the preferences of an extremely salient group of highly-experienced individuals who are entrusted with making decisions that affect the lives of millions of their citizens, heads of government. We test for the presence of a fundamental behavioral bias, loss aversion, in the way heads...
Persistent link: https://www.econbiz.de/10012038990
recommendations. We find that voting recommendations do indeed matter, implying that even in a secularized world, religion plays a … crucial role in voting decisions. …
Persistent link: https://www.econbiz.de/10010223454
aspirations. Idealsprojective paternalism provides the best explanation for interventions in the laboratory and rationalizes …
Persistent link: https://www.econbiz.de/10012038987
-riding. However, people also obey law backed by mild sanctions if it is accepted in a referendum. We show that voting for mild law …
Persistent link: https://www.econbiz.de/10011408944