Prospect Theory and Political Decision Making
In: Oxford Research Encyclopedia of Politics
"Prospect Theory and Political Decision Making" published on by Oxford University Press.
In: Oxford Research Encyclopedia of Politics
"Prospect Theory and Political Decision Making" published on by Oxford University Press.
In: Oxford Research Encyclopedia of Politics
"Agenda Setting in Political Decision Making" published on by Oxford University Press.
In: Oxford Research Encyclopedia of Politics
"Anxiety, Fear, and Political Decision Making" published on by Oxford University Press.
In: Oxford Research Encyclopedia of Politics
"Gender Stereotyping in Political Decision Making" published on by Oxford University Press.
In: Oxford Research Encyclopedia of Politics
"How Motivation Influences Political Decision Making" published on by Oxford University Press.
In: Oxford Research Encyclopedia of Politics
"Intersectional Stereotyping in Political Decision Making" published on by Oxford University Press.
In: Oxford Research Encyclopedia of Politics
"Racial Stereotyping in Political Decision Making" published on by Oxford University Press.
In: Oxford Research Encyclopedia of Politics
"Moral Emotions in Political Decision Making" published on by Oxford University Press.
In: Oxford Research Encyclopedia of Politics
"This encyclopedia traces the development and future of research on political decision making through an exploration of its central theoretical approaches, methodologies, and substantive topics of perennial interest. The focus is on political decision making as a question of individual psychology: individual preferences, information search, evaluation, and choice. Through peer-reviewed contributions by leading researchers, the encyclopedia provides a general framework for studying political decision making that applies to both everyday citizens and political elites"--
In: Oxford Research Encyclopedia of Politics
"Motivated Reasoning and Political Decision Making" published on by Oxford University Press.
In: Oxford Research Encyclopedia of Politics
"Discussion Networks in Political Decision Making" published on by Oxford University Press.
In: Oxford Research Encyclopedia of Politics
"Hindsight Bias in Political Decision Making" published on by Oxford University Press.
In: Oxford Research Encyclopedia of Politics
"Psychophysiology in Political Decision-Making Research" published on by Oxford University Press.
In: Political psychology: journal of the International Society of Political Psychology, Band 2, Heft 2, S. 86-101
ISSN: 0162-895X
SOCIAL SCIENTISTS DO NOT HAVE A GOOD THEORY OF POLITICAL DECISION MAKING. THE AUTHOR, IN THIS ESSAY-REVIEW OF FOUR WORKS STUDYING STATESMANSHIP, FOREIGN RELATIONS, DIPLOMACY, AND AGGRESSION AND HISTORY, INVESTIGATES THE PROBLEM OF UNDERSTANDING DECISION MAKING. HE DISCUSSES IN DETAIL THE QUESTION: ARE BELIEFS, VALUES, AND CALCULATIONS AUTONOMOUS? HE SAYS CONCLUSIONS ARE EXPLAINED MOST BY BELIEFS.
In: Vis , B 2011 , ' Prospect theory and political decision-making ' , Political Studies Review , vol. 9 , no. 3 , pp. 334-343 . https://doi.org/10.1111/j.1478-9302.2011.00238.x
Risk is a central feature of political decision making. Prospect theory, an empirically correct theory of choice under risk that deals precisely with this condition, therefore seems to have much to offer political science. Prospect theory's central finding is that individuals' attitude toward risk depends on whether they face losses or gains. Confronting gains, individuals are risk averse in their decision making; confronting losses, they are risk accepting. Where do these preferences come from? Do they also hold for collective decision making? How can prospect theory help us to solve puzzles in political science? This article addresses these questions by discussing some advances in evolutionary biology, behavioural economics, psychology, neuro-economics and political science. The article shows that there is increasing evidence that prospect theory preferences have an evolutionary origin and that these preferences extend to collective decision making. Moreover, it demonstrates that political science can indeed gain from applying prospect theory, as insights from prospect theory help to solve puzzles such as why some governments pursue electorally risky welfare state reform but others do not. © 2011 The Author. Political Studies Review © 2011 Political Studies Association.
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