Public policy and the wisdom of crowds

Cognitive Systems Research

Volumn 43, Issue , 2017, Pages 53-61

  Epp, Derek A ^a  

^a DARTMOUTH COLLEGE   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

ECONOMICS; FINANCE; SOCIAL ASPECTS;

COLLECTIVE INTELLIGENCES; DECISION MAKING PROCESS; ENVIRONMENTAL CUES; FOREIGN EXCHANGE RATES; GROUP DYNAMICS; HIGHLY ACCURATE; PUBLIC OPINIONS; WISDOM OF CROWDS;

DECISION MAKING;

ACCURACY; ADAPTIVE BEHAVIOR; ARTICLE; DECISION MAKING; ECONOMICS; HUMAN; INTELLIGENCE; ORGANIZATION; POLITICS; PUBLIC OPINION; PUBLIC POLICY; SCIENTIST;

EID: 85012037074     PISSN: None     EISSN: 13890417     Source Type: Journal    
DOI: 10.1016/j.cogsys.2017.01.002     Document Type: Article

References (33)

1. Alexandrova, P., Carammia, M., Timmermans, A., Policy punctuations and issue diversity on the European Council agenda. Policy Studies Journal 40:1 (2012), 69–88.
2. Bachelier, M.L., Théorie de la spéculation. Annales scientifiques de l'Ecole Normale Sup‘erieure 17:3 (1900), 21–86.
3. Basu, S., Investment performance of common stocks in relation to their price-earnings ratios: A test of the efficient market hypothesis. Journal of Finance 32 (1977), 663–682.
4. Baumgartner, Frank R., Breunig, Christian, Green-Pedersen, Christoffer, Jones, Bryan D., Mortensen, Peter B., Neytemans, Michiel, Walgrave, Stefaan, Punctuated equilibrium in comparative perspective. American Journal of Political Science 53:3 (2009), 602–619.
5. Baumgartner, F.R., Jones, B.D., Agendas and instability in American politics. 1993, University of Chicago Press, Chicago, IL.
6. Boydstun, A.E., Making the news: Politics, the media, and agenda setting. 2013, University of Chicago Press, Chicago, IL.
7. Breunig, C., Jones, B.D., Stochastic process methods with an application to budgetary data. Political Analysis 19:1 (2010), 103–117.
8. Breunig, C., Koski, C., Punctuated equilibria and budgets in the American states. The Policy Studies Journal 34:3 (2006), 363–379.
9. Campbell, A., Converse, P.E., Miller, W.E., Stokes, D.E., The American voter. 1960, University of Chicago Press, Chicago, IL.
10. Citi, M., EU budgetary dynamics: Incremental or punctuated equilibrium?. Journal of European Public Policy 20:8 (2013), 1157–1173.
11. Converse, P.E., The nature of belief systems in mass publics. Apter, D., (eds.) Ideology and Discontent, 1964, The Free Press of Glencoe, New York, NY.
12. Epp, D.A., Punctuated equilibria in the private sector and the stability of market systems. Policy Studies Journal 43:4 (2015), 417–436.
13. Fama, E., Efficient capital markets: A review of theory and empirical work. Journal of Finance 25 (1970), 383–417.
14. Graham, B., Dodd, D.L., The intelligent investor. 1965, Harper & Row, New York, NY.
15. Ilzetzki, E. O., Reinhart, C. M., Rogoff, K. (2004). Exchange rate arrangements into the 21st century: Will the anchor currency hold. Published online: < http://personal.lse.ac.uk/ilzetzki/IRRBack.htm>.
16. Jones, B.D., Baumgartner, F.R., The politics of attention: How government prioritizes problems. 2005, University of Chicago Press, Chicago, IL.
17. Jones, B.D., Baumgartner, F.R., Breunig, C., Wlezien, C., Soroka, S., Foucault, M.,.. Walgrave, S., A general empirical law of public budgets: A comparative analysis. American Journal of Political Science 53:4 (2009), 855–873.
18. Jones, B.D., Sulkin, T., Larsen, H.A., Policy punctuations in American political institutions. American Political Science Review 97:1 (2003), 151–169.
19. Lam, W.F., Chan, K.N., How authoritarianism intensifies punctuated equilibrium: The dynamics of policy attention in Hong Kong. Governance 28:4 (2014), 549–570.
20. Malkiel, B.G., A random walk down wall street. 1973, W.W. Norton & Co, New York, NY.
21. Martin, M.H., Streams, M., Punctuated equilibrium theory: An empirical investigation of its relevance for global health expenditures. Public Budget & Finance 35:1 (2015), 73–94.
22. Padgett, John F., Bounded rationality in budgetary research. The American Political Science Review 74:2 (1980), 354–372.
23. Page, S.E., The difference: How the power of diversity creates better groups, firms, schools, and societies. 2007, Princeton University Press, Princeton, NJ.
24. Page, B.I., Shapiro, R.Y., The rational public: Fifty years of trends in Americans’ policy preferences. 1992, University of Chicago Press, Chicago, IL.
25. Samuelson, P., Proof that properly anticipated prices fluctuate randomly. Industrial Management Review 6 (1965), 41–49.
26. Sell, F.L., Contagion in financial markets. 2001, Edward Elgar Publishing Inc, Northampton, MA.
27. Shiller, R.J., Irrational exuberance. 2000, Princeton University Press, Princeton, NJ.
28. Simon, H.A., Models of discovery. 1977, D. Reidel, Boston, MA.
29. Simon, H.A., Reason in human affairs. 1983, Stanford University Press, Stanford, CA.
30. Sornette, D., Why stock markets crash: Critical events in complex financial systems. 2003, Princeton University Press, Princeton, NJ.
31. Stimson, J.A., Public opinion in America: Moods, cycles, and swings. 1991, Westview Press, Boulder, CO.
32. Surowiecki, J., The wisdom of crowds: Why the many are smarter than the few and how collective wisdom shapes business, economies, societies and nations. 2004, Anchor Books, New York, NY.
33. Wlezien, C., The public as thermostat: Dynamics of preferences for spending. American Journal of Political Science, 39(4), 1995, 981-1.