1,721,003 research outputs found
Voting as a Lottery
No full textSupermajorities have their advantage as well as their disadvantage: they provide an hedgeagainst being in the minority, but they make being in the majority less likely. We characterizethis trade-o¤ and compute the most preferred majority threshold. The relevant parametersare voting power, risk aversion and pessimism. People who feel powerful prefer low thresholds.High thresholds are preferred by risk averters or by those who are pessimistic about being inthe majority.Further we study constitutional agreements on the voting rule. Members of the constituentassembly are heterogeneous in the parameters above. We show that weak and minority memberssucceed in pushing forward on high and protective rules.[...
Festival games. Inebriated and sober altruists
No full textWe present novel evidence on the nexus between alcohol intake and trust at a large cultural gathering event. Throughout six editions, we interviewed nearly 2,000 attendees and collected an objective measure of alcohol intake (Blood Alcohol Concentration, BAC) using electronic breathalyzers and self-perceived measures of intoxication. We elicited different self-reported trust measures toward eventgoers and the general public. While alcohol intoxication is not correlated with trust toward the general public, there is a positive and significant nexus between alcohol intake and trust toward the other participants in the event (Instantaneous trust). Only a small part of this effect (15%) is driven by an increased trust in other drinkers at the event. Taken together, these findings indicate endogenous group formation regarding alcohol intake
Feasibility assessment of an innovative isolation bearing system with shape memory alloys
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