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forecasters with economic interest (stakes) and in uence to publish biased forecasts prior to a referendum. We test our theory … institutions and the propaganda bias explains up to 50 percent of their forecast error. …
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forecasters with economic interest (stakes) and influence to publish biased forecasts prior to a referendum. We test our theory … institutions and the propaganda bias explains up to 50 percent of their forecast error. …
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Power indices suggest that adding new members to a voting body may increase the power of an existing member, even if the number of votes of all existing members and the decision rule remain constant. This phenomenon is known as the paradox of new members. This paper shows that the paradox has...
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