Should Governments Respond to Suspected Emotion-Driven Policy Bubbles? If Yes, How? If Not, Why Not?

29 Pages Posted: 13 Sep 2021

See all articles by Moshe Maor

Moshe Maor

The Hebrew University of Jerusalem

Date Written: July 10, 2021

Abstract


In this paper, I elaborate on three strategies governments can implement when faced with suspected emotion-driven policy bubbles: the wait-and-see approach, the emotional containment approach, and the bubble-pricking approach. Recognizing that this type of policy bubble is difficult to detect and measure, I offer some thoughts on the conditions under which each of these policy prescriptions may be the appropriate path to follow. Given the lack of empirical research on policy bubbles, I draw on the scant theoretical literature concerning this phenomenon and on studies addressing universal psychological processes to gauge how individuals, groups, and collectives are expected to respond to government interventions against emotion-driven policy bubbles. I conclude that policymakers should tailor their response to the particular characteristics of the suspected policy bubble at hand and to the specific characteristics of the affective process sustaining it. This is because not all policy bubbles and bubbly processes are alike; thus, their particular features are of great significance.

Keywords: policy bubbles, emotions, affective processes, bubble pricking, emotional containment

JEL Classification: E03, E3, E44, E5, E6

Suggested Citation

Maor, Moshe, Should Governments Respond to Suspected Emotion-Driven Policy Bubbles? If Yes, How? If Not, Why Not? (July 10, 2021). Available at SSRN: https://ssrn.com/abstract=3920860 or http://dx.doi.org/10.2139/ssrn.3920860

Moshe Maor (Contact Author)

The Hebrew University of Jerusalem ( email )

Jerusalem
Israel

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