Decision theory
In: Mathematical social sciences, Band 14, Heft 2, S. 199
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In: Mathematical social sciences, Band 14, Heft 2, S. 199
In: The Good Society: a PEGS journal, Band 24, Heft 1, S. 86-97
ISSN: 1538-9731
Abstract
A developing research program of behavioral political economy can help shed light on important social and political practices that fall outside the strict rational actor model but that are of central importance to democratic theory. Those practices include the deliberative activities of argumentation, information acquisition, and learning. Game theoretic models and experimental studies of collective decisions that are part of the behavioral political economy tradition offer insights into the strategic implications of these practices, linking them to ideological polarization and measures of the informational quality of individual and collective choices. In so doing, they help generate comprehensive assessments of these practices and their institutional influences, thus buttressing the normative philosophical arguments.
In: Journal of multi-criteria decision analysis, Band 7, Heft 6, S. 303-303
ISSN: 1099-1360
Most theories of elections assume that voters and political actors are fully rational. While these formulations produce many insights, they also generate anomalies--most famously, about turnout. The rise of behavioral economics has posed new challenges to the premise of rationality. This groundbreaking book provides a behavioral theory of elections based on the notion that all actors--politicians as well as voters--are only boundedly rational. The theory posits learning via trial and error: actions that surpass an actor's aspiration level are more likely to be used in the future, while those that fall short are less likely to be tried later. Based on this idea of adaptation, the authors construct formal models of party competition, turnout, and voters' choices of candidates. These models predict substantial turnout levels, voters sorting into parties, and winning parties adopting centrist platforms. In multiparty elections, voters are able to coordinate vote choices on majority-preferred candidates, while all candidates garner significant vote shares. Overall, the behavioral theory and its models produce macroimplications consistent with the data on elections, and they use plausible microassumptions about the cognitive capacities of politicians and voters. A computational model accompanies the book and can be used as a tool for further research.
In: Administrative science quarterly: ASQ ; dedicated to advancing the understanding of administration through empirical investigation and theoretical analysis, Band 11, Heft 3, S. 405-413
ISSN: 0001-8392
In: Party politics: an international journal for the study of political parties and political organizations, Band 19, Heft 3, S. 527-529
ISSN: 1354-0688
In: International review of administrative sciences: an international journal of comparative public administration, Band 86, Heft 4, S. 605-621
ISSN: 1461-7226
The connection between public administration and behavioral economics goes back to Herbert Simon, who recognized the tension between the institutional demands of rational efficiency and the reality of individuals' alternate objectives. There is now a concentrated research push at the intersection of behavioral economics and governance, following recently publicized evidence of favorable synergies. Public administration can use behavioral economics in a variety of implementations, from boosting public service motivation to improving policy compliance. This article reviews the current discourse on the development of behavioral public administration, describes some dominant concepts currently being applied, and then offers a framework with propositions for a theory of behavioral public administration in order to enable further experimental inquiry and inform better governance. Points for practitioners Behavioral public administration is a developing theory that may enable practitioners to employ alternative approaches to policy design and implementation. Using concepts of behavioral economics that describe individual decision-making with alternative objectives to traditional utility maximization, behavioral public administration shifts the reliance on traditional causal models away from rational ideals and toward actual behaviors that inhabit empirically evident biases.
In: Perspectives on politics: a political science public sphere, Band 10, Heft 4, S. 1007-1008
ISSN: 1537-5927
In: Public choice, Band 150, Heft 1-2, S. 391-394
ISSN: 0048-5829
In: Political science quarterly: PSQ ; the journal public and international affairs, Band 126, Heft 4, S. 700-702
ISSN: 0032-3195
In: The journal of conflict resolution: journal of the Peace Science Society (International), Band 32, Heft 1, S. 3
ISSN: 0022-0027, 0731-4086
SSRN
Working paper
In: Global Strategies in Banking and Finance; Advances in Finance, Accounting, and Economics, S. 254-271