IDEAS home Printed from https://ideas.repec.org/a/eee/tefoso/v158y2020ics0040162520309847.html
   My bibliography  Save this article

Anticipated feelings and support for public mega projects: Hosting the Olympic Games

Author

Listed:
  • Streicher, Tobias
  • Schmidt, Sascha L.
  • Schreyer, Dominik
  • Torgler, Benno

Abstract

When facing complex decisions, individuals often employ heuristics, relying on affective feelings rather than systematically evaluating decisional pros and cons. If this heuristic misguides the personal decisions, the consequences may be unfortunate for the individuals but not harmful to the wider society. This is not the case, however, for decisions with a public policy impact, such as the approval of public mega projects, which can result in inefficient government spending. This study thus examines the formation and interplay of cognitive versus affective decision components in the context of these projects. More specifically, using population-representative survey data from 11 European countries and the US, the authors provide evidence for three major findings: First, context-specific orientations play a more decisive role for individuals’ affective feelings than their general orientations. Second, affective feelings exert a strong influence on their support for public mega projects. Third, although effortful processing filters the influence of affective feelings on decisions, the filtering mechanism is rather ineffective.

Suggested Citation

  • Streicher, Tobias & Schmidt, Sascha L. & Schreyer, Dominik & Torgler, Benno, 2020. "Anticipated feelings and support for public mega projects: Hosting the Olympic Games," Technological Forecasting and Social Change, Elsevier, vol. 158(C).
  • Handle: RePEc:eee:tefoso:v:158:y:2020:i:c:s0040162520309847
    DOI: 10.1016/j.techfore.2020.120158
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0040162520309847
    Download Restriction: Full text for ScienceDirect subscribers only

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Dominik Schreyer, 2019. "Football spectator no-show behaviour in the German Bundesliga," Applied Economics, Taylor & Francis Journals, vol. 51(45), pages 4882-4901, September.
    2. Brocas, Isabelle & Carrillo, Juan D., 2014. "Dual-process theories of decision-making: A selective survey," Journal of Economic Psychology, Elsevier, vol. 41(C), pages 45-54.
    3. Sascha O Becker & Thiemo Fetzer & Dennis Novy, 2017. "Who voted for Brexit? A comprehensive district-level analysis," Economic Policy, CEPR;CES;MSH, vol. 32(92), pages 601-650.
    4. Konow, James & Earley, Joseph, 2008. "The Hedonistic Paradox: Is homo economicus happier," Journal of Public Economics, Elsevier, vol. 92(1-2), pages 1-33, February.
    5. Casella, Alessandra & Gelman, Andrew, 2008. "A simple scheme to improve the efficiency of referenda," Journal of Public Economics, Elsevier, vol. 92(10-11), pages 2240-2261, October.
    6. Dulleck, Uwe & Fooken, Jonas & Newton, Cameron & Ristl, Andrea & Schaffner, Markus & Torgler, Benno, 2016. "Tax compliance and psychic costs: Behavioral experimental evidence using a physiological marker," Journal of Public Economics, Elsevier, vol. 134(C), pages 9-18.
    7. Amit Bhattacharjee & Cassie Mogilner, 2014. "Happiness from Ordinary and Extraordinary Experiences," Journal of Consumer Research, Oxford University Press, vol. 41(1), pages 1-17.
    8. Andreas Bergmann & Sascha L. Schmidt & Dominik Schreyer & Benno Torgler, 2016. "Age and organizational identification: empirical findings from professional sports," Applied Economics Letters, Taylor & Francis Journals, vol. 23(10), pages 718-722, July.
    9. George Loewenstein, 2000. "Emotions in Economic Theory and Economic Behavior," American Economic Review, American Economic Association, vol. 90(2), pages 426-432, May.
    10. Sunstein, Cass R, 2000. "Cognition and Cost-Benefit Analysis," The Journal of Legal Studies, University of Chicago Press, vol. 29(2), pages 1059-1103, June.
    11. Tobias Streicher & Sascha L. Schmidt & Dominik Schreyer & Benno Torgler, 2017. "Is it the economy, stupid? The role of social versus economic factors in people’s support for hosting the Olympic Games: evidence from 12 democratic countries," Applied Economics Letters, Taylor & Francis Journals, vol. 24(3), pages 170-174, February.
    12. Jon Elster, 1998. "Emotions and Economic Theory," Journal of Economic Literature, American Economic Association, vol. 36(1), pages 47-74, March.
    13. Kimberly D. Elsbach & Pamela S. Barr, 1999. "The Effects of Mood on Individuals' Use of Structured Decision Protocols," Organization Science, INFORMS, vol. 10(2), pages 181-198, April.
    14. Steenkamp, Jan-Benedict E M & Baumgartner, Hans, 1998. "Assessing Measurement Invariance in Cross-National Consumer Research," Journal of Consumer Research, Oxford University Press, vol. 25(1), pages 78-90, June.
    15. Wright, William F. & Bower, Gordon H., 1992. "Mood effects on subjective probability assessment," Organizational Behavior and Human Decision Processes, Elsevier, vol. 52(2), pages 276-291, July.
    16. Sascha Becker & Thiemo Fetzer & Dennis Novy & Sascha O. Becker, 2017. "Who Voted for Brexit? A Comprehensive District-Level Analysis," CESifo Working Paper Series 6438, CESifo.
    17. Jane E. J. Ebert & Daniel T. Gilbert & Timothy D. Wilson, 2009. "Forecasting and Backcasting: Predicting the Impact of Events on the Future," Journal of Consumer Research, Oxford University Press, vol. 36(3), pages 353-366.
    18. Ebert, Jane E. J. & Gilbert, Daniel Todd & Wilson, Timothy D., 2009. "Forecasting and Backcasting: Predicting the Impact of Events on the Future," Scholarly Articles 3549374, Harvard University Department of Economics.
    19. Slovic, Paul & Finucane, Melissa & Peters, Ellen & MacGregor, Donald G., 2002. "Rational actors or rational fools: implications of the affect heuristic for behavioral economics," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 31(4), pages 329-342.
    Full references (including those not matched with items on IDEAS)

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:tefoso:v:158:y:2020:i:c:s0040162520309847. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Haili He). General contact details of provider: http://www.sciencedirect.com/science/journal/00401625 .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.