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a Condorcet jury voting procedure to the case of nudging boundedly rational consumers. The note proposes a simple …
Persistent link: https://www.econbiz.de/10011403643
How do human beings make decisions when, as the evidence indicates, the assumptions of the Bayesian rationality approach in economics do not hold? Do human beings optimize, or can they? Several decades of research have shown that people possess a toolkit of heuristics to make decisions under...
Persistent link: https://www.econbiz.de/10011926917
Throughout his career, James Buchanan displayed a remarkable consistency regarding the didactic role of the properly …
Persistent link: https://www.econbiz.de/10012899150
Does voting have downstream consequences for turnout and political preferences? While research initially showed strong … support for the notion that the experience of voting fosters civic habits and political engagement, recent work has cast doubt … voting eligibility on subsequent turnout and political preferences using rich panel data from the UK. Exploiting the …
Persistent link: https://www.econbiz.de/10012517154
When is a finite number of binary voting choices consistent with the hypothesis that the voter has preferences that … voting decisions. Without knowledge of the location of the voting alternatives, voting decisions by multiple voters impose no … joint testable restrictions on the location of their ideal points, even in one dimension. Furthermore, the voting records of …
Persistent link: https://www.econbiz.de/10011698617
This paper analyzes a boundedly rational decision maker who is uncertain about his preference and faces the following trade-off: adding a good to the choice set has a positive option value but increases the complexity of the choice problem. The increased complexity is modeled as a reduction of...
Persistent link: https://www.econbiz.de/10003962118
Political polarization has ruptured the fabric of U.S. society. I quantify this phenomenon through the use of 5 pre-registered studies, comprising 15 behavioral experiments and a diverse set of over 8,600 participants. The focus of this paper is to examine various behavioral-, belief-, and...
Persistent link: https://www.econbiz.de/10012513376
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