Showing 1 - 10 of 18,122
Persistent link: https://www.econbiz.de/10011533905
Persistent link: https://www.econbiz.de/10009740712
Persistent link: https://www.econbiz.de/10014532670
rise in media bias affects the election outcome in a non-monotonic way, and reduces voter welfare by decreasing the …
Persistent link: https://www.econbiz.de/10012030647
In an economic theory of voting, voters have positive or negative costs of voting in favor of a proposal and positive or negative benefits from an accepted proposal. When votes have equal weight then simultaneous voting mostly has a unique pure strategy Nash equilibrium which is independent of...
Persistent link: https://www.econbiz.de/10011629791
The realization of market transactions often depends on decisions in groups in which members are anonymous and cannot communicate, but have interrelated outcomes. In a comprehensive study, we investigated the interaction of group effects, strategic effects and endowment effects in different...
Persistent link: https://www.econbiz.de/10003883665
Persistent link: https://www.econbiz.de/10001483944
A committee of experts votes between a multi-attribute alternative and status quo. Each expert is a biased specialist who can privately evaluate only one attribute and puts more weight on it. We study whether a social-minded principal would compose the committee of more or less biased experts....
Persistent link: https://www.econbiz.de/10012117552
Persistent link: https://www.econbiz.de/10003833677
The ratio bias - according to which individuals prefer to bet on probabilities expressed as a ratio of large numbers to … researchers especially in health economics emphasizing the policy importance of the phenomenon. Although the bias has been … replicated several times, some doubts remain about its economic significance. Our two experiments show that the bias disappears …
Persistent link: https://www.econbiz.de/10003910098