Abstract From a political economy perspective, politicians often fail to implement structural reforms. In this contribution we investigate if the resistance to reform is based on the differences in the risk preferences of voters, politicians, and bureaucrats. Based on three surveys among the...

Politics and business often involve making risky or dangerous decisions whose outcomes can be predicted only with difficulty, if at all. As attitudes toward risks and dangers vary between individuals, it is reasonable that people with different attitudes are active in areas requiring decisions...

The article analyzes the question of whether career politicians differ systematically from the general population in terms of their attitudes toward risk. A written survey of members of the 17th German Bundestag in late 2011 identified their risk attitudes, and the survey data was set in...

The article analyzes the question of whether career politicians differ systematically from the general population in terms of their attitudes toward risk. A written survey of members of the 17th German Bundestag in late 2011 identified their risk attitudes, and the survey data was set in...

The paper seeks to answer whether career politicians differ systematically from the general population in terms of their attitudes toward risk. A written survey of members of the 17th German Bundestag in late 2011 identified their risk attitudes, and the survey data was set in relation to...

Im vorliegenden Beitrag wird untersucht, welche forschenden Volkswirte und Nicht-Ökonomen direkten Einfluss in Öffentlichkeit und auf die Wirtschaftspolitik haben. Zu diesem Zweck machen wurden Zitate wissenschaftlicher Publikationen und Nennungen von Wissenschaftlern in führenden Medien und...

Das vorliegende Papier zeigt, dass die seit Jahrzehnten andauernde Klagen wissenschaftlich tätiger Ökonomen, dass Öffentlichkeit und Politik nicht genug auf Ergebnisse der ökonomischen Forschung hören, zumindest für Deutschland im Quervergleich zu anderen Wissenschaften in Bezug auf das...

Das Papier zeigt, dass die seit Jahrzehnten andauernde Klagen wissenschaftlich tätiger Ökonomen,dass Öffentlichkeit und Politik nicht genug auf Ergebnisse der ökonomischen Forschung hören,zumindest für Deutschland im Quervergleich zu anderen Wissenschaften in Bezug auf das...

The (socio-)psychological concepts of individual aspiration for con- formity and consistency are integrated into the rational-choice frame- work. By using this integrative approach it is shown that after a shock the aspiration for conformity results in an equilibrium which deviates from the homo...