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In this paper we analyze elections when voters underestimate the correlation between their information sources ("correlation neglect"). We find that this cognitive bias can improve political outcomes. We show that the extreme beliefs which result from correlation neglect induce some voters to...
Persistent link: https://www.econbiz.de/10011211795
Persistent link: https://www.econbiz.de/10005821396
In this paper I analyze the effect of transparency on decision making in committees. I focus on committees whose members are motivated by career concerns. The main result is that when the decision-making process is secretive (when individual votes are not revealed to the public), committee...
Persistent link: https://www.econbiz.de/10005237717