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Replication data for: Emotional Tagging and Belief Formation: The Long-Lasting Effects of Experiencing Communism

Version
1
Resource Type
Dataset
Creator
  • Laudenbach, Christine
  • Malmendier, Ulrike
  • Niessen-Ruenzi, Alexandra
Publication Date
2019-05-01
Description
  • Abstract

    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.
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/pandp.20191051 (Text)
Publications
  • Laudenbach, Christine, Ulrike Malmendier, and Alexandra Niessen-Ruenzi. “Emotional Tagging and Belief Formation: The Long-Lasting Effects of Experiencing Communism.” AEA Papers and Proceedings 109 (May 2019): 567–71. https://doi.org/10.1257/pandp.20191051.
    • ID: 10.1257/pandp.20191051 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-13

Laudenbach, Christine; Malmendier, Ulrike; Niessen-Ruenzi, Alexandra (2019): Replication data for: Emotional Tagging and Belief Formation: The Long-Lasting Effects of Experiencing Communism. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E114517V1