I’ve been reading this paper by Zingales, Guiso, and Sapienza (HT Calculated Risk) on the decision by homeowners to default on their mortgages. I should have more to say on the substantive results later, but for now I found this quote amusing:

“Finally, we do not find any difference in the moral view of Republicans and Democrats. The less moral ones are the Independents.”

As a registered independent who has defaulted on a dozen or so home loans this year for the sheer pleasure of it, I can attest to the truth of this.

In all seriousness though, I wonder if the supposed immorality of independents is born out by other survey results, or is the correlation being driven by some excluded variable? Paging Andrew Gelman….

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