A hard Brexit is looking increasingly likely – according to behavioural economics

Author suggested that Gloomy forecasts for the post-Brexit economy, and a psychological tendency to gamble rather than accept certain losses, may boost public support for a giant leap away from the EU – despite the fact that most experts were advising a cautious small step.

He suggested that one of the harshest lessons of behavioural economics – once people were determined to leave, any scare about the next step may just prompt them to run further away.

• Primary Source

ESO: In Focus: Brexit - The United Kingdom and the European Union http://www.europeansources.info/record/brexit-the-united-kingdom-and-the-european-union/

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