The DOI matches its Crossref record; 82 of the 82 references it cites were found in a registry or an index.
Overconfidence in Political Behavior
Abstract
This paper studies, theoretically and empirically, the role of overconfidence in political behavior. Our model of overconfidence in beliefs predicts that overconfidence leads to ideological extremeness, increased voter turnout, and stronger partisan identification. The model also makes nuanced predictions about the patterns of ideology in society. These predictions are tested using unique data that measure the overconfidence and standard political characteristics of a nationwide sample of over 3,000 adults. Our numerous predictions find strong support in these data. In particular, we document that overconfidence is a substantively and statistically important predictor of ideological extremeness, voter turnout, and partisan identification. (JEL C83, D03, D72, D83)
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Cites
Investor Psychology and Security Market Under‐ and Overreactions
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A Rational Theory of the Size of Government
Meltzer, A. H., & Richard, S. F. (1981) · Journal of Political Economy · doi:10.1086/261013 · Cited by 5,485
Boys will be Boys: Gender, Overconfidence, and Common Stock Investment
Barber, B. M., & Odean, T. (2001) · The Quarterly Journal of Economics · doi:10.1162/003355301556400 · Cited by 5,276
Economic Origins of Dictatorship and Democracy
Acemoglu, D., & Robinson, J. A. (2005) · doi:10.1017/cbo9780511510809 · Cited by 4,810
Regret Theory: An Alternative Theory of Rational Choice Under Uncertainty
Loomes, G., & Sugden, R. (1982) · The Economic Journal · doi:10.2307/2232669 · Cited by 4,042 · cited 1×
“Models of regret have then been frequently used to explain behavioral patterns which are not compatible with standard, expected-utility, models (Bell, 1982; Loomes and Sugden, 1982; Loomes and Sugden, 1987; Sugden, 1993; and Sarver, 2008).”
MethodDegroot, M. H. (1974) · Journal of the American Statistical Association · doi:10.1080/01621459.1974.10480137 · Cited by 4,004
Regret in Decision Making under Uncertainty
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When choice is demotivating: can one desire too much of a good thing?
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Cited by
Mindful Economics: The Production, Consumption, and Value of Beliefs
Bénabou, R., & Tirole, J. (2016) · Journal of Economic Perspectives · doi:10.1257/jep.30.3.141 · Cited by 817
Metacognitive Failure as a Feature of Those Holding Radical Beliefs
Rollwage, M., Dolan, R. J., & Fleming, S. M. (2018) · Current Biology · doi:10.1016/j.cub.2018.10.053 · Cited by 193
Dorst, K. (2021) · SSRN Electronic Journal · doi:10.2139/ssrn.3918498 · Cited by 108
What Underlies Political Polarization? A Manifesto for Computational Political Psychology
Rollwage, M., Zmigrod, L., de-Wit, L., Dolan, R. J., & Fleming, S. M. (2019) · Trends in Cognitive Sciences · doi:10.1016/j.tics.2019.07.006 · Cited by 52
How Polarized are Citizens? Measuring Ideology from the Ground-Up
Draca, M., & Schwarz, C. (2018) · SSRN Electronic Journal · doi:10.2139/ssrn.3154431 · Cited by 48
Metadata
- Authors
- Ortoleva, P., & Snowberg, E.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2015-02-01
- Volume
- 105
- Issue
- 2
- Pages
- 504-535
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W2137971742
- Cited by
- 355
- References
- 82
- FWCI
- 161.38
- Type
- journal article
- Language
- en
- Open access
- closed
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.