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We examine whether and how democratic procedures can achieve socially desirable public good provision in the presence of profound uncertainty about the benefits of public goods, i.e., when citizens are able to identify the distribution of benefits only if they aggregate their private...
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competition to represent the interaction of these beliefs with platform selection. Both parties gain more from appealing to the …. Instead, they make their vote choice on the basis of (imprecise) subjective beliefs. I propose a new model of partisan … voters with more precise beliefs over their platform. Candidates viewed with less precision overall gain relatively more from …
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Bayesian learning and quantal response equilibrium (QRE) - above all in complex environments with many possible actions. …
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experiment - where expectations are elicited from human subjects - to collect data on expectations, inflation and output dynamics …
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creating the attention-shift. Double Machine Learning approach is then used to obtain statistical inferences of these empirical …
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The paper investigates social-learning when the information structure is not commonly known. Individuals repeatedly … interact in social-learning settings with distinct information structures. In each round of interaction, they use their … behavior in the long-run if and only if individuals distinguish social-learning settings and receive rich feedback after each …
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