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Bordado, Pedro; Gennaioli, Nicola; Shleifer, Andrei - Barcelona Graduate School of Economics (Barcelona GSE) - 2012

We present a theory of context-dependent choice in which a consumer's attention is drawn to salient attributes of goods, such as quality or price. An attribute is salient for a good when it stands out among the good's attributes, relative to that attribute's average level in the choice set (or...

Persistent link: https://www.econbiz.de/10010851367

Reprisals Remembered: German-Greek Conflict and Car Sales during the Euro Crisis

Fouka, Vasiliki; Voth, Hans-Joachim - Barcelona Graduate School of Economics (Barcelona GSE) - 2013

in a time-varying fashion. These findings are compatible with behavioral models emphasizing the importance of salience …

Persistent link: https://www.econbiz.de/10010851349

The value of useless information

Alaoui, Larbi - Barcelona Graduate School of Economics (Barcelona GSE) - 2012

There are many situations in which individuals have a choice of whether or not to observe eventual outcomes. In these instances, individuals often prefer to remain ignorant. These contexts are outside the scope of analysis of the standard von Neumann-Morgenstern (vNM) expected utility model,...

Persistent link: https://www.econbiz.de/10010547096

An Agenda-Setting Model of Electoral Competition

Colomer, Josep M.; Llavador, Humberto - Barcelona Graduate School of Economics (Barcelona GSE) - 2008

. Giving salience to an issue implies proposing an innovative policy proposal alternative to the status-quo. Parties trade off … the issues with high salience in voters concerns and those with broad consensus on some policy proposal. Each party … which are considered the most important ones by a majority of votes may not be given salience during the electoral campaign …

Persistent link: https://www.econbiz.de/10010547532

Electoral Competition through Issue Selection

Aragonès, Enriqueta; Castanheira, Micael; Giani, Marco - Barcelona Graduate School of Economics (Barcelona GSE) - 2012

Politics must tackle multiple issues at once. In a first-best world, political competition constrains parties to prioritize issues according to the votersâ€™ true concerns. In the real world, the opposite also happens: parties manipulate voter priorities by emphasizing issues selectively...

Persistent link: https://www.econbiz.de/10011132918

How Accurate are Surveyed Preferences for Public Policies? Evidence from a Unique Institutional Setup

Funk, Patricia - Barcelona Graduate School of Economics (Barcelona GSE) - 2013

Opinion polls and other surveys are used to capture public sentiments on a variety of issues. If citizens are unwilling to reveal certain policy preferences to others, surveys may fail to characterize population preferences accurately. The innovation of this paper is to use unique data to...

Persistent link: https://www.econbiz.de/10010851360

Can exposure to prenatal sex hormones (2D:4D) predict cognitive reflection?

Bosch-Domènech, Antoni; Brañas-Garza, Pablo; Espín, … - Barcelona Graduate School of Economics (Barcelona GSE) - 2013

The Cognitive Reflection Test (CRT) is a test introduced by S. Frederick (2005) Cognitive reflection and decision making, J Econ Perspect 19(4): 25-42. The task is designed to measure the tendency to override an intuitive response that is incorrect and to engage in further reflection that leads...

Persistent link: https://www.econbiz.de/10010851417

Let's Talk: How Communication Affects Contract Design

Brandts, Jordi; Charness, Gary; Ellman, Matthew - Barcelona Graduate School of Economics (Barcelona GSE) - 2012

We study experimentally how the ability to communicate affects the frequency and effectiveness of flexible and inflexible contracts in a bilateral trade context where sellers can adjust trade quality after observing a post-contractual cost shock and a discretionary buyer transfer. In the absence...

Persistent link: https://www.econbiz.de/10010851445

Measuring Risk Aversion with Lists: A New Bias

Bosch-Domènech, Antoni; Silvestre, Joaquim - Barcelona Graduate School of Economics (Barcelona GSE) - 2012

Various experimental procedures aimed at measuring individual risk aversion involve a list of pairs of alternative prospects. We first study the widely used method by Holt and Laury (2002), for which we find that the removal of some items from the lists yields a systematic decrease in risk...

Persistent link: https://www.econbiz.de/10011019689

Quotient Spaces of Boundedly Rational Types

Cianciaruso, Davide; Germano, Fabrizio - Barcelona Graduate School of Economics (Barcelona GSE) - 2011

By identifying types whose low-order beliefs up to level ℓ<sub>i</sub> about the state of nature coincide, we obtain quotient type spaces that are typically smaller than the original ones, preserve basic topological properties, and allow standard equilibrium analysis even under bounded reasoning. Our...

Persistent link: https://www.econbiz.de/10011019697