Fundamental errors in the voting booth
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- dc.contributor.author Ponzetto, Giacomo A. M.ca
- dc.contributor.author Glaeser, Edward L. (Edward Ludwig), 1967-ca
- dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
- dc.date.accessioned 2018-02-14T15:29:50Z
- dc.date.available 2018-02-14T15:29:50Z
- dc.date.issued 2017-08-01
- dc.date.modified 2018-02-14T15:29:25Z
- dc.description.abstract Psychologists have long documented that we over-attribute people's actions to innate characteristics, rather than to luck or circumstances. Similarly, economists have found that both politicians and businessmen are rewarded for luck. In this paper, we introduce this "Fundamental Attribution Error" into two benchmark political economy models. In both models, voter irrationality can improve politicians' behavior, because voters attribute good behavior to fixed attributes that merit reelection. This upside or irrationality is countered by suboptimal leader selection, including electing leaders who emphasize objectives that are beyond their control. The error has particularly adverse consequences for institutional choice, where it generates too little demand for a free press, too much demand for dictatorship, and responding to endemic corruption by electing new supposedly honest leaders, instead of investing in institutional reform.
- dc.format.mimetype application/pdfca
- dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=1578
- dc.identifier.citation
- dc.identifier.uri http://hdl.handle.net/10230/33867
- dc.language.iso eng
- dc.relation.ispartofseries Economics and Business Working Papers Series; 1578
- dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
- dc.rights.accessRights info:eu-repo/semantics/openAccess
- dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
- dc.subject.keyword fundamental attribution error
- dc.subject.keyword political economy
- dc.subject.keyword Macroeconomics and International Economics
- dc.title Fundamental errors in the voting boothca
- dc.title.alternative
- dc.type info:eu-repo/semantics/workingPaper