Policy persistence, risk estimation and policy underreaction
Author
Abstract
Suggested Citation
DOI: 10.1007/s11077-014-9203-8
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- George Bulkley & Renata Herrerias, 2005. "Does the Precision of News Affect Market Underreaction? Evidence from Returns Following Two Classes of Profit Warnings," European Financial Management, European Financial Management Association, vol. 11(5), pages 603-624, November.
- Leblanc, William & Snyder, James Jr. & Tripathi, Micky, 2000. "Majority-rule bargaining and the under provision of public investment goods," Journal of Public Economics, Elsevier, vol. 75(1), pages 21-47, January.
- repec:cup:apsrev:v:98:y:2004:i:01:p:191-207_00 is not listed on IDEAS
- McCONNELL, ALLAN, 2010. "Policy Success, Policy Failure and Grey Areas In-Between," Journal of Public Policy, Cambridge University Press, vol. 30(3), pages 345-362, December.
- Jack S. Levy, 2008. "Case Studies: Types, Designs, and Logics of Inference," Conflict Management and Peace Science, Peace Science Society (International), vol. 25(1), pages 1-18, February.
- Christopher Weible & Tanya Heikkila & Peter deLeon & Paul Sabatier, 2012. "Understanding and influencing the policy process," Policy Sciences, Springer;Society of Policy Sciences, vol. 45(1), pages 1-21, March.
- Stephan Dickert & Paul Slovic, 2009. "Attentional mechanisms in the generation of sympathy," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 4(4), pages 297-306, June.
- Ritov, Ilana & Baron, Jonathan, 1995. "Outcome Knowledge, Regret, and Omission Bias," Organizational Behavior and Human Decision Processes, Elsevier, vol. 64(2), pages 119-127, November.
- repec:cup:judgdm:v:4:y:2009:i:4:p:297-306 is not listed on IDEAS
- Tversky, Amos & Kahneman, Daniel, 1986. "Rational Choice and the Framing of Decisions," The Journal of Business, University of Chicago Press, vol. 59(4), pages 251-278, October.
- -, 1986. "Agenda = Agenda," Series Históricas 8749, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Moshe Maor, 2017. "Policy entrepreneurs in policy valuation processes: The case of the Coalition for Environmentally Responsible Economies," Environment and Planning C, , vol. 35(8), pages 1401-1417, December.
- Anthony Perl & Michael Howlett & M. Ramesh, 2018. "Policy-making and truthiness: Can existing policy models cope with politicized evidence and willful ignorance in a “post-fact” world?," Policy Sciences, Springer;Society of Policy Sciences, vol. 51(4), pages 581-600, December.
- Moshe Maor, 2020. "Policy over- and under-design: an information quality perspective," Policy Sciences, Springer;Society of Policy Sciences, vol. 53(3), pages 395-411, September.
- Cristiano Codagnone & Francesco Bogliacino & Camilo Gómez & Frans Folkvord & Giovanni Liva & Rafael Charris & Felipe Montealegre & Francisco Lupiañez Villanueva & Giuseppe A. Veltri, 2021.
"Restarting “Normal” Life after Covid-19 and the Lockdown: Evidence from Spain, the United Kingdom, and Italy,"
Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 158(1), pages 241-265, November.
- codagnone, cristiano & Bogliacino, Francesco & Gómez, Camilo Ernesto & Folkvord, F. & Liva, Giovanni & Charris, Rafael Alberto & Montealegre, Felipe & Lupiáñez-Villanueva, Francisco & Veltri, Giuseppe, 2020. "Restarting “normal” life after Covid-19 and the lockdown: Evidence from Spain, the United Kingdom, and Italy," SocArXiv vd4cq, Center for Open Science.
- Francesco Bogliacino & Rafael Charris & Camilo Gómez & Felipe Montealegre & Cristiano Codagnone, 2021.
"Expert endorsement and the legitimacy of public policy. Evidence from Covid19 mitigation strategies,"
Journal of Risk Research, Taylor & Francis Journals, vol. 24(3-4), pages 394-415, April.
- Bogliacino, Francesco & Gómez, Camilo Ernesto & Montealegre, Felipe & Charris, Rafael Alberto & codagnone, cristiano, 2021. "Expert endorsement and the legitimacy of public policy. Evidence from Covid19 mitigation strategies," SocArXiv zbqjd, Center for Open Science.
- Ching Leong & Michael Howlett, 2017. "On credit and blame: disentangling the motivations of public policy decision-making behaviour," Policy Sciences, Springer;Society of Policy Sciences, vol. 50(4), pages 599-618, December.
- Fabrizio De Francesco & Martino Maggetti, 2018. "Assessing disproportionality: indexes of policy responses to the 2007–2008 banking crisis," Policy Sciences, Springer;Society of Policy Sciences, vol. 51(1), pages 17-38, March.
- Moshe Maor, 2017. "The implications of the emerging disproportionate policy perspective for the new policy design studies," Policy Sciences, Springer;Society of Policy Sciences, vol. 50(3), pages 383-398, September.
- Katie Attwell & Tauel Harper & Marco Rizzi & Jeannette Taylor & Virginia Casigliani & Filippo Quattrone & PierLuigi Lopalco, 2021. "Inaction, under-reaction action and incapacity: communication breakdown in Italy’s vaccination governance," Policy Sciences, Springer;Society of Policy Sciences, vol. 54(3), pages 457-475, September.
- Moshe Maor & Tereza Capelos, 2023. "Symposium: Affect and emotions in policy dynamics," Policy Sciences, Springer;Society of Policy Sciences, vol. 56(3), pages 439-448, September.
- Carsten Daugbjerg & Allan McConnell, 2021. "Rethinking disproportionate policy making by introducing proportionate politics," Policy Sciences, Springer;Society of Policy Sciences, vol. 54(3), pages 691-706, September.
- Ping Guo & Huimin Li & Guangmin Zhang & Yang Zhang, 2019. "Exploring Critical Variables That Affect the Policy Risk Level of Industrial Heritage Projects in China," Sustainability, MDPI, vol. 11(23), pages 1-18, December.
- Azad Singh Bali & Michael Howlett & Jenny M Lewis & M Ramesh, 2021. "Procedural policy tools in theory and practice [The stick, the carrot, and other strategies: A theoretical analysis of governmental intervention]," Policy and Society, Darryl S. Jarvis and M. Ramesh, vol. 40(3), pages 295-311.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Franklin E. Zimring & Jeffrey Fagan & David T. Johnson, 2010. "Executions, Deterrence, and Homicide: A Tale of Two Cities," Journal of Empirical Legal Studies, John Wiley & Sons, vol. 7(1), pages 1-29, March.
- Jennifer A. Kagan & Tanya Heikkila & Christopher M. Weible & Duncan Gilchrist & Ramiro Berardo & Hongtao Yi, 2023. "Advancing scholarship on policy conflict through perspectives from oil and gas policy actors," Policy Sciences, Springer;Society of Policy Sciences, vol. 56(3), pages 573-594, September.
- Scharpf, Fritz W., 1989. "Games Real Actors Could Play: The Problem of Complete Information," MPIfG Discussion Paper 89/9, Max Planck Institute for the Study of Societies.
- Ayranci, Evren, 2010. "Family involvement in and institutionalization of family businesses: A research," Business and Economic Horizons (BEH), Prague Development Center (PRADEC), vol. 3(3), pages 1-22, October.
- Agarwalla, Astha, 2011. "Agglomeration Economies and Productivity Growth in India," IIMA Working Papers WP2011-01-08, Indian Institute of Management Ahmedabad, Research and Publication Department.
- Freeman, Steven F., 1997. "Good decisions : reconciling human rationality, evolution, and ethics," Working papers WP 3962-97., Massachusetts Institute of Technology (MIT), Sloan School of Management.
- Nelson, Edward, 2017.
"Reaffirming the Influence of Milton Friedman on U.K. Economic Policy,"
Working Papers
2017-01, University of Sydney, School of Economics, revised Feb 2017.
- Edward Nelson, 2017. "Reaffirming the Influence of Milton Friedman on U.K. Economic Policy," Finance and Economics Discussion Series 2017-096, Board of Governors of the Federal Reserve System (U.S.).
- Norman, Peter, 2002.
"Legislative Bargaining and Coalition Formation,"
Journal of Economic Theory, Elsevier, vol. 102(2), pages 322-353, February.
- Norman,P., 2000. "Legislative bargaining and coalition formation," Working papers 12, Wisconsin Madison - Social Systems.
- Raitio, Kaisa, 2013. "Discursive institutionalist approach to conflict management analysis — The case of old-growth forest conflicts on state-owned land in Finland," Forest Policy and Economics, Elsevier, vol. 33(C), pages 97-103.
- David P Carter & Christopher M Weible & Saba N Siddiki & Xavier Basurto, 2016. "Integrating core concepts from the institutional analysis and development framework for the systematic analysis of policy designs: An illustration from the US National Organic Program regulation," Journal of Theoretical Politics, , vol. 28(1), pages 159-185, January.
- Ellen Garbarino & Robert Slonim, 2007. "Preferences and decision errors in the winner’s curse," Journal of Risk and Uncertainty, Springer, vol. 34(3), pages 241-257, June.
- Giuseppe Pernagallo & Benedetto Torrisi, 2020.
"A theory of information overload applied to perfectly efficient financial markets,"
Review of Behavioral Finance, Emerald Group Publishing Limited, vol. 14(2), pages 223-236, October.
- Giuseppe Pernagallo & Benedetto Torrisi, 2019. "A Theory of Information overload applied to perfectly efficient financial markets," Papers 1904.03726, arXiv.org.
- Klaus H. Goetz & Ronny Patz & Theresa Squatrito, 2017. "Resourcing Global Justice: The Resource Management Design of International Courts," Global Policy, London School of Economics and Political Science, vol. 8, pages 62-74, August.
- Moshe Levy & Haim Levy, 2013.
"Prospect Theory: Much Ado About Nothing?,"
World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 7, pages 129-144,
World Scientific Publishing Co. Pte. Ltd..
- Moshe Levy & Haim Levy, 2002. "Prospect Theory: Much Ado About Nothing?," Management Science, INFORMS, vol. 48(10), pages 1334-1349, October.
- Joshua M. Epstein, 2007. "Agent-Based Computational Models and Generative Social Science," Introductory Chapters, in: Generative Social Science Studies in Agent-Based Computational Modeling, Princeton University Press.
- Małgorzata Gałązka-Sobotka & Aldona Frączkiewicz-Wronka & Iwona Kowalska-Bobko & Hanna Kelm & Karolina Szymaniec-Mlicka, 2021. "HB-HTA as an implementation problem in Polish health policy," PLOS ONE, Public Library of Science, vol. 16(9), pages 1-24, September.
- O. Fiona Yap, 2020. "A New Normal or Business-as-Usual? Lessons for COVID-19 from Financial Crises in East and Southeast Asia," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 32(5), pages 1504-1534, December.
- Miriam Hartlapp & Julia Metz & Christian Rauh, 2010. "The agenda set by the EU Commission: the result of balanced or biased aggregation of positions?," LEQS – LSE 'Europe in Question' Discussion Paper Series 21, European Institute, LSE.
- Liebig, Stefan & Schupp, Jürgen, 2008. "Leistungs- oder Bedarfsgerechtigkeit? Über einen normativen Zielkonflikt des Wohlfahrtsstaats und seiner Bedeutung für die Bewertung des eigenen Erwerbseinkommens," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 59(1), pages 7-30.
- Buckenmaier, Johannes & Dimant, Eugen & Posten, Ann-Christin & Schmidt, Ulrich, 2017.
"On punishment institutions and effective deterrence of illicit behavior,"
Kiel Working Papers
2090, Kiel Institute for the World Economy (IfW Kiel).
- Johannes Buckenmaier & Eugen Dimant & Ann-Christin Posten & Ulrich Schmidt, 2018. "Efficient Institutions and Effective Deterrence: On Timing and Uncertainty of Punishment," PPE Working Papers 0014, Philosophy, Politics and Economics, University of Pennsylvania.
- Johannes Buckenmaier & Eugen Dimant & Ann-Christin Posten & Ulrich Schmidt, 2017. "Efficient Institutions and Effective Deterrence: On Timing and Uncertainty of Punishment," PPE Working Papers 0010, Philosophy, Politics and Economics, University of Pennsylvania.
More about this item
Keywords
Policy underreaction; Risk underestimation; Policy persistence; Warnings; No action; Bounded rationality;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:policy:v:47:y:2014:i:4:p:425-443. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.