05.07.2019

Can Democracy Ever Work? A Behavioural and Experimental Economics Perspective on Voting

Main event: Lectures "WIFO-Extern"

Persons: Jean-Robert Tyran

Language: Englisch

Österreichisches Institut für Wirtschaftsforschung

This lecture explains how experimental economics can shed new light on the functioning of "democracy". I draw on examples from my own research to illustrate advantages and problems of making collective choices through voting. The lecture discusses the role of institutions and emphasises the interplay of "rational" and "behavioural" factors.