Will a Brexit Lead to a “Scotxit” (Scotland leaving the UK)?

By Dr Anders Poulsen

I believe this is likely, in part because of the simple calculus of cost benefit analysis that may favour Scotland leaving the United Kingdom, but in part also because the EU may offer such favourable terms to Scotland to join them, not necessarily because it makes economic sense for the EU to do so, but because punishment is a behavioural phenomenon that we often see in our experiments.  I explain these below.

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