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The Economics of Faith: Using an Apocalyptic Prophecy to Elicit Religious Beliefs in the Field

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  • Ned Augenblick
  • Jesse M. Cunha
  • Ernesto Dal Bó
  • Justin M. Rao

Abstract

We model religious faith as a "demand for beliefs," following the logic of the Pascalian wager. We then demonstrate how an experimental intervention can exploit standard elicitation techniques to measure religious belief by varying prizes associated with making choices contrary to one's belief in a, crucially, falsifiable religious proposition. We implemented this approach with a group that expected the "End of the World" to happen on May 21, 2011 by offering prizes payable before and after May 21st. The results suggest the existence of a demand for extreme, sincere beliefs that was unresponsive to experimental manipulations in price.

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Bibliographic Info

Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 18641.

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Date of creation: Dec 2012
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Handle: RePEc:nbr:nberwo:18641

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Cited by:
  1. Leonardo Bursztyn & Michael Callen & Bruno Ferman & Ali Hasanain & Noam Yuchtman, 2014. "A Revealed Preference Approach to the Elicitation of Political Attitudes: Experimental Evidence on Anti-Americanism in Pakistan," NBER Working Papers 20153, National Bureau of Economic Research, Inc.

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