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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. http://resolver.caltech.edu/CaltechAUTHORS:20160204-110615320

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Abstract

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.


Item Type:Article
Related URLs:
URLURL TypeDescription
http://dx.doi.org/10.1016/j.ejpoleco.2015.04.007 DOIArticle
http://www.sciencedirect.com/science/article/pii/S0176268015000464PublisherArticle
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.
Funders:
Funding AgencyGrant Number
NSFSES-1156154
Subject Keywords:Behavioral political economy; Overconfidence; Media; Ideology; Extremeness Behavioral political economy; Overconfidence; Media; Ideology; Extremeness
Classification Code:JEL: D03; D72; C83
Record Number:CaltechAUTHORS:20160204-110615320
Persistent URL:http://resolver.caltech.edu/CaltechAUTHORS:20160204-110615320
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, http://dx.doi.org/10.1016/j.ejpoleco.2015.04.007. (http://www.sciencedirect.com/science/article/pii/S0176268015000464)
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:64225
Collection:CaltechAUTHORS
Deposited By: Tony Diaz
Deposited On:04 Feb 2016 19:24
Last Modified:04 Feb 2016 19:38

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