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Political Scandal: A Theory
Imagine a scenario where Politician A is reported to have said something politically damaging in a closed-door meeting. However, the news of this indiscretion is reported by members of the opposition party, with the members of Politician A’s party vehemently denying the accusation. Who would you believe? Would you lose faith in the politician, or would you blame extreme polarization for the political theater that you just witnessed?
Age of Marriage, Weather Shocks, and the Direction of Marriage Payments
Imagine that you are a parent of a young daughter in a country that provides a dowry to the groom’s family when your daughter is married. On the one hand, you want your daughter to marry and are willing to pay a dowry to ensure that she joins a good family. On the other hand, your resources are limited and you can only afford to contribute so much to a dowry.