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The purpose of this paper is to analyze long-term institutional causes and consequences of preference falsification by studying the evolution of China’s patriarchal clan system.

The historic study shows that although the clan system was abolished in the Qin dynasty, it re-emerged among high-standing families in the Han dynasty and spread to common people after the Tang dynasty.

The author submits that the clan system was an institutional response to the preference falsification problem that arose due to the dictatorial political institutions first established in the Qin dynasty. It helped people to take collective action by themselves and also opened a back door to influence government decisions. A piece of clear evidence is the co-evolution of the clan system and government personnel system.

In this sense, the clan system probably also helped to prolong the political institutions for 2,000 years.

This is the first institutional study on the clan system in China.

Many studies on witch killings in Africa suggest that “witchcraft is the dark side of kinship.” But in Chinese history, where patriarchal clan system has been emphasized as the foundation of the society, there have been few occurrences of witch-hunting except a large-scale one in the Cultural Revolution in 1966. The purpose of this paper is to explain the above two paradoxes.

Theoretical analysis based on preference falsification problem with regard to the effect of social structure on witch-hunting is carried out.

There is a “bright side of kinship” due to two factors: first, it would be more difficult to pick out a person as qualitatively different in Chinese culture; second, the hierarchical trust structure embedded in the Chinese culture can help mitigate the preference falsification problem, which acts as the leverage for witch-hunting. In this sense, an important factor for the Cultural Revolution is the decline of traditional social institutions and social values after 1949.

This paper is the first to advance the two paradoxes and offer an explanation from the perspective of social structure.

This chapter aims to develop an institutionalist concept of faith based on Williamson's concept of ‘institutional trust’ and Coleman's contribution to ‘placement of trust’. As a starting point, it considers the social capital literature on trust from the perspective of institutional economics and economic anthropology. ‘Institutional faith’ posits as a normative state the inevitability of trust with regard to certain questions human beings cannot answer. This has a behaviour-channelling effect which makes, e.g. for institutional stability. The proposed concept is evaluated critically by contrasting it with T. Kuran's concept of ‘preference falsification’ in the Hindu caste system. Finally, the concept is challenged by today's Hindu fundamentalism and makes a differentiation between fundamentalism and institutional faith.

Charles Wolf′s theory of government failure ignores the possibility that government employees may commit themselves to pursue excellence in public service as an expression of their hope in the quests of their agencies. Communitarian thought explains the function of hope in human motivation and intimates how leaders may influence the hopes of their followers and why followers submit to this leadership. Effective leadership can be assigned a role in the execution of public policy which counters the pursuit of private interest in the public domain so that the problems identified by Wolf can be identified not as an inevitable consequence of government intervention but as a manifestation of “leadership failure”.

The purpose of this paper is to report the findings of two studies that explored consumer misrepresentation (lying) during personal information disclosure in a commercial context. Disclosure strategies and mediating processes that might influence lying were also investigated.

Two studies were carried out to examine the phenomenon of interest. The first study examined the extent of consumer lying in a consumer‐commercial exchange context, the variation of lying about different kinds of personal information and a classification of consumers in terms of disclosure tendencies. The second study examined two mediating processes that may drive lying behavior: cost‐benefit evaluations and fairness evaluations.

The findings suggest that individuals tend to falsify some items more than they do others, and, even in information categories that are not “personally identifying,” there is a high level of misrepresentation. It was also found that consumers can be grouped based on their disclosure strategy (lying, omitting, truthfully disclosing), and the strategy appears to be related to perceived experience with disclosure. Finally, it was found that the cost‐benefit of disclosure influences consumer lying, but fairness perceptions do not appear to influence lying behavior.

Based on the findings in this study, a percentage of information appears to be faulty. This brings into question data quality, in that good marketing decisions presumes good data. Information‐based marketing exchanges appear to be driven by cost‐benefit evaluations. If this is the case, then marketers should strive to ethically develop elicitation strategies that either reduce the perceived cost of consumer disclosure or increase consumers' perceptions of the value they receive in exchange for personal information.

This paper provides useful information on consumer lying with regard to disclosing personal information in a commercial context.

Measuring and understanding the dynamics of democracy as well as democratic attitudes of people have become a big challenge for every democratic state. The study proposes the investigation of middle-class peoples’ attitudes towards democracy in Pakistan.

The study employs a deductive approach based on cross-sectional data from Pakistan’s middle-class people. The researchers use a survey questionnaire through a convenience sampling technique. Finally, the study utilizes 1854 samples to conclude the findings.

The evidence confirms that trust in public institutions and political engagement positively and significantly impact peoples’ democratic attitudes. In addition, the investigation witnessed the preference for democracy also supports understanding middle-class peoples’ democratic attitudes.

The study would provide an endorsement for politicians of Pakistan to perceive the inclination of middle-class people towards democracy. The study would guide the researchers and policymakers and intellectualize the middle-class peoples’ opinions and attitudes. Moreover the study would support reflecting the public confidence in decision making and ability to deliver. Finally the study findings would contribute to the literature of political science and democracy to understand democratic attitudes mainly focusing on middle-class populations.

This study empirically confirms the Pakistani middle-class peoples’ attitudes towards democracy.

Individuals tend to seek out communities and organizations that appeal to their beliefs and values. They gravitate to positions and responsibilities that suit their personal aspirations and ambitions, and in such pursuits they succeed best. In The United States of Ambition: Politicians, Power, and the Pursuit of Office, Alan Ehrenhalt (1992) argues that the political process tends to select for those who most believe in it and make a career of it. He suggests that one advantage held by the Democratic party (over the Republican party) is that the Democratic party is more thoroughly a party of active government, so it better attracts “people who think running for office is worth the considerable sacrifice it entails” (p. 224). Not only does the political process tend to attract those who believe in it, it also tends to prosper believers.

At present no satisfactory economic theory of non‐profit organizational leadership exists. The purpose of this paper is to develop an economic theory of non‐profit leadership and apply this theory to the problem of non‐profit failure or “voluntary sector failure.”

The paper draws on the economic literature on the non‐profit sector to critically examine this approach to theorizing about non‐profit organizations (NPOs). It then considers the contribution that Lester Salamon has made to the understanding of NPOs. It is argued that the very sources of non‐profit “distinctiveness” identified by Salamon are also simultaneously associated with “voluntary sector failure.” An economic theory of non‐profit leadership is developed and it is held that appropriate leadership can reduce voluntary failure.

The major comparative advantages of NPOs make these agencies particularly prone to various forms of “voluntary failure” that present challenges not only to NPOs, but also public policy makers. This paper presents a theory of non‐profit leadership that seeks to demonstrate that appropriate forms of non‐profit leadership can overcome, or at least ameliorate, voluntary failure.

Future research could determine empirically whether leadership plays a decisive role in the performance of the non‐profit sector. This would assist in assessing the empirical validity of the presented in this paper.

The literature on non‐profit failure is incomplete without an adequate theory of non‐profit leadership. This paper develops a theory of non‐profit organizational leadership and argues that appropriate leadership can reduce the extent and severity of non‐profit failure.

The purpose of this paper is to review recent contributions to the theoretical and empirical literature on informational cascades.

This paper reviews and synthesises the existing literature, methodologies and evidence on informational cascades.

Many financial settings foster situations where informational cascades and herding are likely. Cascades remain mainly an area of experimental research, leaving the empirical evidence inconclusive. Existing measures have limitations that do not allow for a direct test of cascading behaviour. More accurate models and methods for empirical testing of informational cascades could provide more conclusive evidence on the matter.

Outlined findings have implications for designing policies and regulatory requirements, as well as for the design of collective decisions processes.

The paper reviews and critiques existing theory; it summarises the recent laboratory and empirical evidence and identifies issues for future research. Most of other theoretical work reviews informational cascades as a subsection of herding. This paper focusses on informational cascades specifically. It distinguishes between informational cascade and herding. The paper also reviews most recent empirical evidence on cascades, presents review and synthesis of the theoretical and empirical development on information cascades up to date, and reviews the model of informational cascades with model criticism.