Department of Methodology Seminar Series
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About
Age, Openness, and Conservatism Older people are more conservative. Openness to experience declines with age. Less open people are more conservative. I explain all three with a single rational mechanism: a life-cycle model of exploration. Facing a finite horizon, agents explore less as they age. They have already found good options and have little time left to enjoy new ones. The same logic applies to politics. When…
Venue
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