Matthew Yglesias recently noted that the very rich are unhappy with President Obama because he would like to increase the taxes on the very rich. Although this might be true, the number of people unhappy with Obama exceeds the number of people who comprise the very rich. So why are many of the non-rich unhappy with Obama? And why are so many other people quite happy with our current president?
Perhaps the answer is similar to a story frequently told about sports fans.
Back in the early 1990s, a friend of mine declared his hatred of Charles Barkley. At the time, Sir Charles was an All-Star for the Philadelphia 76ers. Sometime after this declaration, though, Barkley was traded to the Phoenix Suns. As a fan of the Suns, my friend changed his tune. With Sir Charles in Phoenix, my friend was now a fan of Barkley.
More recently, LeBron James was an extremely popular athlete in Cleveland. But when he changed his uniform to something from Miami, his popularity in Ohio plummeted.
These stories are not uncommon among sports fans. In fact, Jerry Seinfeld once observed that fans who behave like this are essentially “rooting for clothes.” Read More »
For years, I have argued that the best way to track what really matters through election season is to follow the political prediction markets. The one difficulty is that these markets aren’t really available to the general public. Sure, the University of Iowa runs a market, but because it’s for research purposes, the maximum bet is set at only $500. And while I track InTrade closely, they’re based in Ireland, and are frowned upon by American regulators. Likewise, Betfair won’t deal with American customers. But all that may be about to change. Read More »
At Saturday’s concert by the Chamber Orchestra Kremlin, the program offered a menu for the second half: The audience was to vote on whether it wished to hear the Tschaikovsky Serenade, the Dvorák Serenade, or Schubert’s Death and the Maiden Quartet (arranged for small string orchestra). After the intermission, the conductor briefly discussed each composer and described each piece, then asked for a show of hands.
I was worried: What if a plurality favored the Schubert (my choice), but the Dvorák had been a close second, with a majority of people vehemently against hearing the Schubert performed by anything other than four string instruments? I don’t imagine that second-preference voting would have been possible (fancier voting schemes regrettably generate larger transactions costs), so we would have listened to the Schubert even though more people would have been better off with the Dvorák.
Fortunately, a small majority of the audience shared my preference and we achieved the first-best (and heard a wonderful performance)!
From the abstract:
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This paper argues that, since activities that provide political information are complementary with leisure, increased labor market activity should lower turnout, but should do so least in prominent elections where information is ubiquitous. Using official county-level voting data and a variety of OLS and TSLS models, we find that increases in wages and employment: reduce voter turnout in gubernatorial elections by a significant amount; have no effect on Presidential turnout; and raise the share of persons voting in a Presidential election who do not vote on a House of Representative election on the same ballot.
If I stood in the center of Times Square and said something like “Moses didn’t really part the Red Sea,” or “Jesus never existed,” people would probably keep walking around me, ignoring what I said.
But if I stood there and said, “Going to college is the worst sin you can force your kids to commit,” or “You should never vote again,” or “Never own a home,” people would probably stop, and maybe I‘d lynched. But I would’ve at least gotten their attention. How? By knocking down a few of the basic tenets of what I call the American Religion.
It’s a fickle and false religion, used to replace the ideologies we (a country of immigrants) escaped. Random high priests lurk all over the Internet, ready to pounce. Below are the Ten Commandments of the American Religion, as I see them. If you think there are more, list them in the comments.
Voters “misperceive where they lie on the ideological spectrum.” Read More »
Here’s an e-mail from a reader named Nadaav Zohar of Akron, Ohio. I like the way he thinks.
Every election season, I can usually count on a Freakonomics blog entry or three about voting and why it is pointless. I very much agree with your analysis, and I don’t vote. Read More »
An important new working paper by Chang-Tai Hsieh, Edward Miguel, Daniel Ortega, and Francisco Rodríguez examines whether Hugo Chavez opposition voters in Venezuela paid a price for their opposition. Between late 2002 and August 2004, more than 4.7 million Venezuelans signed petitions in favor of a recall election for Chavez despite widespread threats that signers […] Read More »