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disappointing promisees' expectations, regardless of whether those expectations were induced by a promise (expectations per se … effect). Third, they are even more motivated to avoid disappointing promisees' expectations when those expectations were …
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We report on the results of an experiment designed to disentangle behavioral biases in information aggregation of committees. Subjects get private signals about the state of world, send binary messages, and finally vote under either majority or unanimity rules. Committee decisions are...
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This study proposes an analytical framework towards behavioral political economy of institutional change. It considers institutional changes as central government’s choices under uncertainty, which are largely driven by the strategic outcomes in a behavioral coordination game between local...
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