ARE POLICYMAKERS AMBIGUITY AVERSE?

• 成果类型: Article
• 署名作者: Berger, Loic; Bosetti, Valentina
• 署名单位: Universite de Lille; Bocconi University
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1093/ej/uez051
• 发表日期: 2020
• 页码: 331-355
• 关键词: expected utility; decision-making; rich domain; uncertainty; MODEL; RISK; rationality; probability; PSYCHOLOGY; belief

摘要

Behavioural traits and preferences of decision-makers (DMs) affect the way they take their decisions. While this assertion is generally true for decisions taken at the individual level, it may also be important for collective decisions (depending on the way they are taken). Although it has long been argued that the behavioural traits of policymakers do not matter much at the time of making decisions-because of the broader interests these individuals are supposed to represent-in practice, these elites' preferences may ultimately affect policy choices and, therefore, have an impact on entire social groups (Hafner-Burton et al., 2015).(1) In this context, it becomes crucial to better understand the behavioural traits and preferences characterising these elites who actually make policy decisions, rather than extrapolating from convenience samples of university students.(2)