Louis Lévy - Garboua and Serge Blondel On the Rationality of Cognitive Dissonance

Why Do Rational People Vote in Large Elections with Costs to Vote?

Many people vote in large elections with costs to vote although the expected benefits would seem to be infinitesimal to a rational mind. We show that prospect and regret theories cannot solve this paradox of not voting and may even aggravate it. However, if the possibility of a decisive vote comes to mind, expected utility maximizers will doubt their preference for abstention and greatly overes...

Cognition in Seemingly Riskless Choices and Judgments

Cognitive Consistency, the Endowment Effect and

We exhibit three non-standard cases of preference reversal (PR) between choices and valuations of bets. The endowment effect arises as a surprising consequence of the WTA/WTP disparity when the probabilities of winning get close to certainty. We consider a new theory of choice under risk, cognitive consistency (CC) theory, which can predict both standard and non-standard cases of PR, the WTA/WT...

Role of Parasocial Interaction with Celebrities and Worshiping them in Prediction of Cognitive Dissonance

The present study aimed to investigate the role of parasocial interaction with celebrities and to worship them in the prediction of cognitive dissonance. The research design was descriptive and correlational. The statistical population of the study consisted of students of the faculty of psychology and educational sciences of the University of Tehran in 1397-98. In this study, 200 girl and boy ...

Reported job satisfaction : What does it mean?

We emphasize the major influences of experienced utility gaps or regret, i.e. the difference between what happened and what might have happened, on job satisfaction. The main prediction that we test is that job satisfaction correlates with the wage gaps experienced in the past and present, holding other job-related satisfactions constant, with the possible exception of young workers. We further...