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Are conservatives overconfident?

Ortoleva, Pietro and Snowberg, Erik (2015) Are conservatives overconfident? European Journal of Political Economy, 40 (Pt. B). pp. 333-344. ISSN 0176-2680.

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Recent studies suggest psychological differences between conservatives and liberals, including that conservatives are more overconfident. We use a behavioral political economy model to show that while this is undoubtedly true for election years in the current era, there is no reason to believe that conservative ideologies are intrinsically linked to overconfidence. Indeed, it appears that in 1980 and before, conservatives and liberals were equally overconfident.

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Additional Information:© 2015 Elsevier B.V. Prepared for the CESifo conference on Behavioural Political Economy, San Servolo, in July 2014, and the accompanying special issue of the European Journal of Political Economy. We thank our discussant at the conference, Chee Kian Leong, for his thought-provoking comments, and seminar attendees for their feedback. Snowberg gratefully acknowledges the support of NSF grant SES-1156154.
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Subject Keywords:Behavioral political economy; Overconfidence; Media; Ideology; Extremeness Behavioral political economy; Overconfidence; Media; Ideology; Extremeness
Issue or Number:Pt. B
Classification Code:JEL: D03; D72; C83
Record Number:CaltechAUTHORS:20160204-110615320
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Official Citation:Pietro Ortoleva, Erik Snowberg, Are conservatives overconfident?, European Journal of Political Economy, Volume 40, Part B, December 2015, Pages 333-344, ISSN 0176-2680, (
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:64225
Deposited By: Tony Diaz
Deposited On:04 Feb 2016 19:24
Last Modified:03 Oct 2019 09:35

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