Believing in Economic Theory: Sex, Lies, Evidence, Trust and Ideology
Nathaniel Wilcox ()
Authors registered in the RePEc Author Service: D. Andrew Austin ()
Working Papers from Department of Economics, University of Houston
In many empirical studies, ideology significantly predicts political outcomes, even after controlling for interests. This may reflect ideology’s influence on descriptive beliefs about the workings of the economic world. We investigate these beliefs about supply and demand theory, using survey methods and an experimental demonstration. As expected, relatively liberal respondents have more skeptical ex-ante beliefs (before viewing the experiment) about the theory. Surprisingly, however, relatively conservative respondents update beliefs (after viewing the experiment) so much less strongly that they have more skeptical ex-post beliefs. We explore and discount alternative explanations for these relationships between ideology and beliefs.
Pages: 46 pages
New Economics Papers: this item is included in nep-exp, nep-hpe, nep-pke, nep-pol and nep-sog
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
Working Paper: Believing in Economic Theory: Sex, Lies, Evidence, Trust and Ideology (2004)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:hou:wpaper:2004-06
Access Statistics for this paper
More papers in Working Papers from Department of Economics, University of Houston Contact information at EDIRC.
Bibliographic data for series maintained by Dietrich Vollrath ().