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Different to other scientific disciplines traditional economic theory has remained remarkably silent about procedural aspects of strategic interactions. Much to the contrast, among psychologists there is by now a broad consensus that not only expected outcomes shape human behavior, but also...
Persistent link: https://www.econbiz.de/10005837165
Randomized controlled trials (RCT) have become a dominant empirical tool in applied economics. The internal validity of RCTs crucially depends on the (implicit) assumption that the procedure assigning subjects to treatment and control groups has no effect on behavior. We show theoretically that...
Persistent link: https://www.econbiz.de/10010617586
It is a persistent finding in psychology and experimental economics that people's behavior is not only shaped by outcomes but also by decision-making procedures. In this paper we develop a general framework capable of modelling these procedural concerns. Within the context of psychological games...
Persistent link: https://www.econbiz.de/10005039581
In the homogeneous case of one-dimensional objects, we show that any preference relation that is positive and homothetic can be represented by a quantitative utility function and unique bias. This bias may favor or disfavor the preference for an object. In the first case, preferences are...
Persistent link: https://www.econbiz.de/10005704864
In the homogeneous case of one-dimensional objects, we show that any relation that is positive and homothetic can be represented by a ratio-scale and a unique and constant biasing factor. This factor may favor or disfavor the preference for an object over another. In the first case, preferences...
Persistent link: https://www.econbiz.de/10005710942
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The aim of this paper is to discuss briefly the issue of voter turnout and ascertain what kind of socioeconomic variables can affect it. The main body of the article is devoted to the search for empirical findings on the basis of the Polish presidential and parliamentary elections in 2010 and...
Persistent link: https://www.econbiz.de/10011010465
A duty to vote may be interpreted narrowly as no more than an obligation to cast one’s ballot, supporting a party or candidate in one’s own interest exclusively or, if one so pleases, with some regard for the community as a whole. Alternatively, a duty to vote may be interpreted...
Persistent link: https://www.econbiz.de/10009003126