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Levine & Palfrey's (2007) QRE account of turnout in large elections raises the broader question of how much of a departure from standard rational choice theory is justified by the considerable repertoire of rational choice anomalies that has accumulated since Downs and Olson half a century ago....
Persistent link: https://www.econbiz.de/10005703921
The paper develops an account of anomalous behavior in work at the intersection of cognition and experimental economics. The anomalies are choices which conflict with both agents' self-interest and also with any plausible other-regarding interests. I review three examples, and provide evidence...
Persistent link: https://www.econbiz.de/10005703923
The paper describes three novel regularities in public choice games, tied to a Darwinian argument about rules that could be expected to govern social choice. Note: This is a revised version of this paper, originally titled "Two Tests For ‘NSNX’ Effects In Cooperation Experiments," and...
Persistent link: https://www.econbiz.de/10005566880