Replication data for: Emotional Tagging and Belief Formation: The Long-Lasting Effects of Experiencing Communism
Principal Investigator(s): View help for Principal Investigator(s) Christine Laudenbach; Ulrike Malmendier; Alexandra Niessen-Ruenzi
Version: View help for Version V1
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Project Citation:
Laudenbach, Christine, Malmendier, Ulrike, and Niessen-Ruenzi, Alexandra. Replication data for: Emotional Tagging and Belief Formation: The Long-Lasting Effects of Experiencing Communism. Nashville, TN: American Economic Association [publisher], 2019. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-13. https://doi.org/10.3886/E114517V1
Project Description
Summary:
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Growing evidence in macrofinance suggests long-lasting effects of personally experienced outcomes on beliefs. To understand the underlying mechanism we turn to the neurological foundations of memory formation. We propose that emotional tagging plays a crucial role in assigning weights in the belief formation process. We use exposure to communism as well as variation in its emotional tagging to predict long-run beliefs. We show that living under communism has long-term effects on beliefs about its benefits. In addition, positive and negative emotional tags strongly affect the (pro- or anti-communist) direction of beliefs, providing anchors to memory that seem hard to reverse.
Scope of Project
JEL Classification:
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D83 Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
P20 Socialist Systems and Transitional Economies: General
D83 Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
P20 Socialist Systems and Transitional Economies: General
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