Learning Dynamics and Support for Economic Reforms : Why Good News Can Be Bad
Support for economic reforms has often shown puzzling dynamics: many reforms that began successfully lost public support. We show that learning dynamics can rationalize this paradox because the process of revealing reform outcomes is an example of sampling without replacement. We show that this co...
| Main Authors: | , |
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| Language: | en_US |
| Published: |
Published by Oxford University Press on behalf of the World Bank
2017
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| Online Access: | http://hdl.handle.net/10986/27690 |