‘What do we have to lose?’: Local economic decline, prospect theory, and support for Brexit

  title={‘What do we have to lose?’: Local economic decline, prospect theory, and support for Brexit},
  author={Miguel Carreras},
  journal={Electoral Studies},
Abstract The Brexit referendum confronted British voters with a choice that could have profound consequences for the British economy in a context of high uncertainty. Drawing on important lessons from prospect theory, I argue that citizens who were in the domain of economic losses were more likely to take a risk and vote in favor of Brexit. On the contrary, I hold that citizens who were in the domain of economic gains tended to be more risk averse and were more likely to support ‘Remain’ in the… 
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  • Hiroharu Saito
  • International Review of Law and Economics
  • 2021


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