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来源类型Working Paper
规范类型报告
DOI10.3386/w21077
来源IDWorking Paper 21077
Loss Aversion in Politics
Alberto Alesina; Francesco Passarelli
发表日期2015-04-13
出版年2015
语种英语
摘要We study loss aversion in majority voting. First, we show a status quo bias. Second, loss aversion implies a moderating effect. Third, in a dynamic setting, the effect of loss aversion diminishes with the length of the planning horizon of voters; however, in the presence of a projection bias, majorities are partially unable to understand how fast they will adapt. Fourth, in a stochastic environment, loss aversion yields a significant distaste for risk, but also a smaller attachment to the status quo. The application of these results to a model of redistribution leads to empirically plausible implications.
主题Public Economics
URLhttps://www.nber.org/papers/w21077
来源智库National Bureau of Economic Research (United States)
引用统计
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/578752
推荐引用方式
GB/T 7714
Alberto Alesina,Francesco Passarelli. Loss Aversion in Politics. 2015.
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