Contrasting Rational and Psychological Analyses of Political Choice
Bibliographic Data
| ID | 3593380 |
|---|---|
| Authors | George A Quattrone (Stanford University), Amos Tversky (Stanford University) |
| Year | 1988 |
| Volume | 82 |
| Issue | 3 |
| Pages | 719-736 |
| Publication date | 1988-09-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | American Political Science Review (JOURNAL) |
| Journal identifiers | ISSN: 0003-0554 • E-ISSN: 1537-5943 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.2307/1962487 |
| OpenAlex | W2054359618 |
| Language | EN |
| Citations received | 317 |
| References cited | 23 |
We contrast the rational theory of choice in the form of expected utility theory with descriptive psychological analysis in the form of prospect theory, using problems involving the choice between political candidates and public referendum issues. The results showed that the assumptions underlying the classical theory of risky choice are systematically violated in the manner predicted by prospect theory. In particular, our respondents exhibited risk aversion in the domain of gains, risk seeking in the domain of losses, and a greater sensitivity to losses than to gains. This is consistent with the advantage of the incumbent under normal conditions and the potential advantage of the challenger in bad times. The results further show how a shift in the reference point could lead to reversals of preferences in the evaluation of political and economic options, contrary to the assumption of invariance. Finally, we contrast the normative and descriptive analyses of uncertainty in choice and address the rationality of voting
Behavioral economics · Contrast (vision · Economics · Expected utility hypothesis · Loss aversion · Mathematical economics · Microeconomics · Normative · Political science · Politics · Positive economics · Prospect theory · Public choice · Rational choice theory (criminology · Rationality · Referendum · Risk aversion (psychology · Voting · Computer Science · Decision-Making and Behavioral Economics · Economic and Environmental Valuation · Experimental Behavioral Economics Studies · Psychology · Social Psychology
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Past-focused temporal communication overcomes conservatives’ resistance to liberal political ideas
Using Credible Advice to Overcome Framing Effects
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Political Perception
Inside the Mental Voting Booth
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Nonverbal Behavior and Leadership
Political Information Processing
The Poly-Psy Relationship
Cognitive Structural Analysis of Political Rhetoric
Affect and Political Judgment
Information and Electoral Attitudes
An Overview of the Field of Political Psychology
The Drunkard’s Search
Decision Making in Presidential Primaries
Bounded Rationality
The Normalization of the Radical Right
On the Shape of the Probability Weighting Function
Inferences of Competence from Faces Predict Election Outcomes
Symbolic Politics
The Role of Self-Interest in Social and Political Attitudes
The Influence of Framing on Risky Decisions
Periodization and Preferences
Goals as Reference Points
Seven Models of Framing
Elected in 100 milliseconds
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Reasoning of State
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Status Quo Bias in Ballot Wording
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Equivalence Framing and the Construction of Advocacy Messages
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Le Comportement de l'Homme Rationnel devant le Risque
Exposition of a New Theory on the Measurement of Risk
Risk Perception in Psychology and Economics
Rationality as Process and as Product of Thought
Judgment under Uncertainty
Prospect Theory
The authoritarian personality
An economic theory of democracy
Choices, values, and frames
Beyond Deterrence
Evaluation of the cognitive component of political issues by use of classical conditioning
A Behavioral Model of Rational Choice
Short-Term Fluctuations in U.S. Voting Behavior, 1896–1964
Handbook of social psychology
Causal versus diagnostic contingencies
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| Unique citing works | 317 |
|---|---|
| Citations per year | 8,34 |
| Citation span | 1988 - 2026 (39) |
| Citation velocity | current |
| Highly cited | Yes |
| Citation types | Neutral: 315 |