How Politicians Make Decisions: A Political Choice Experiment

Serie

  • IESA Working Papers Series

Resumen

  • The present paper reports on a political choice experiment with elected real-world politicians. A questionnaire on political and public issues is taken to examine whether prospect theory predicts the responses of experts from the field better than rational choice theory. The results indicate that framing effects exist but that expertise may weaken the deviation from rational choice.

fecha de publicación

  • 2004

Líneas de investigación

  • Expected Utility Theory
  • Prospect Theory
  • Subject Pool Effect
  • Subject Surrogacy

Issue

  • 410