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Recent work on game theory and juries reaches the startling result that making convictions easier (by easing the requirement for unanimity) would make false convictions rarer. Only the guilty would be put at increased risk. The note explains why the result is contingent on a quirk in the...
Persistent link: https://www.econbiz.de/10010777776
Levine and Palfrey's 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. An...
Persistent link: https://www.econbiz.de/10010778022
A voter only alters the outcome of an election if her/his vote is pivotal. A leading innovation of recent years in game theory applied to politics is Austen-Smith and Banks' analysis of pivotal voting, yielding a special form of strategic voting such that rational voters would vote against the...
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<DIV>Why do we volunteer time? Why do we contribute money? Why, even, do we vote, if the effect of a single vote is negligible? Rationality-based microeconomic models are hard-pressed to explain such social behavior, but Howard Margolis proposes a solution. He suggests that within each person there...</div>
Persistent link: https://www.econbiz.de/10011155777
A controversy among economists and others interested in the limits of rational choice analysis, still running after an onset at least two decades ago, concerns whether intelligent people and especially experts, can be subject to cognitive illusions. This note provides a striking illustration...
Persistent link: https://www.econbiz.de/10005435244
Two very strange results from variants of the much-studied Wason selection task point to an interpretation which has substantial implications for important choices in the world. (Prepared for AIBS conference on behavioral economics, Great Barrington MA, 2002)
Persistent link: https://www.econbiz.de/10005566870