Differing conceptions of the causes of the economic crisis

Publications

David Leiser, Rinat Benita, Sacha Bourgeois-Gironde

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February 2016

We report findings from a survey regarding the lay perception of the causes of the world-wide economic and financial crisis. Respondents (N= 2245) from a variety of countries were included: China (Hong Kong) Turkey, Russia, Israel, Germany, USA, and France.

We show that respondents from Western World countries, who were unaffected by the crisis and have economic training, interpret the crisis differently from all other respondents (i.e., those living in Turkey, Russia, or Hong Kong, and those who were personally affected by the crisis or without economic training). These differences have important implications on how policies are perceived and evaluated by the public, and should inform how they are presented to the public.

Journal of Economic Psychology

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