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We empirically assess whether hindsight bias has consequences on how citizens evaluate their political actors. Using an incentivized elicitation technique, we demonstrate that people systematically misremember their past policy preferences regarding how to best fight the Covid-19 pandemic. At...
Persistent link: https://www.econbiz.de/10013205089
political support. Combining data on the public disclosure of anti-corruption efforts and individual well-being in China, we …
Persistent link: https://www.econbiz.de/10013440309
The subject of this paper is how the epistemic limitations of individuals and their biases in reasoning affect collective decisions and in particular the functioning of democracies. In fact, while the cognitive sciences have largely shown how the imperfections of human rationality shape...
Persistent link: https://www.econbiz.de/10014315089
suggest that developing models in which economic agents have degrees (or levels) of economic cognition which are endogenously … instead introduce continuous metrics of cognition into economic thinking. Such an approach also poses the two policy issues of … whether raising levels of economic cognition should be an objective of policy and whether policy interventions motivated by …
Persistent link: https://www.econbiz.de/10002756346
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
Rational choice theories assume that voters accurately assess the outcomes of policies. However, many important policies—such as regulating prices and introducing Pigouvian taxation—yield outcomes through indirect or equilibrium effects that may differ from their direct effects. Citizens may...
Persistent link: https://www.econbiz.de/10014578562
By means of a laboratory experiment, we show that, contrary to standard consumer theory, financially equivalent balance sheet profiles may be perceived as non fungible in a controlled frictionless environment with no probabilistic attributes. A large majority of subjects indeed have a bias in...
Persistent link: https://www.econbiz.de/10012138808
. Building on existing models of noisy Bayesian cognition, we formally propose that cognitive uncertainty generates these …
Persistent link: https://www.econbiz.de/10012138914
This paper investigates the determinants of academic achievements of post-reform undergraduate students of Ca’ Foscari University of Venice. Academic achievements are measured with the students’ grade point averages and time to graduation. The set of independent variables contains...
Persistent link: https://www.econbiz.de/10010498620
Differences in teacher quality are commonly cited as a key determinant of the huge international student performance gaps. However, convincing evidence on this relationship is still lacking, in part because it is unclear how to measure teacher quality consistently across countries. We use unique...
Persistent link: https://www.econbiz.de/10010462634