Overview
Behavioral economics provides valuable insights into how psychological factors influence political choices. By understanding concepts like cognitive biases and social preferences, we can better analyze voter behavior and design effective policies. This field challenges the traditional view of ration...
Key Terms
Example: Default options in voting registration.
Example: Confirmation bias in political beliefs.
Example: Voters may prefer a sure win over a risky chance of a larger victory.
Example: Voters may support policies that benefit the community.
Example: Initial polling numbers influencing voter expectations.
Example: Describing a policy as a 'tax' vs. an 'investment'.
Related Topics
Game Theory
Study of strategic interactions where the outcome depends on the actions of multiple agents.
advancedPublic Choice Theory
Analyzes political behavior using economic principles, focusing on the decisions of voters and politicians.
intermediateSocial Choice Theory
Explores how individual preferences aggregate into collective decisions.
intermediateKey Concepts
NudgesCognitive BiasesProspect TheorySocial Preferences