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returns to experience.  If each task in a job has a concave learning curve, then increasing the number of tasks may increase … the returns to experience.  Using the Panel Study of Income Dynamics, I provide evidence for the fact that successive … cohorts have greater returns to experience.  Next, I construct proxies for multi-tasking using Paul Osterman's 1992 survey of …
Persistent link: https://www.econbiz.de/10008764094
lot of currency in development ethics.  While the 'adaptation problem' is often cited as one of the primary arguments for …-being and development literature.  Fortunately for development studies, the available evidence suggests that adaptation is not … ubiquitous.  Moreover, where adaptation occurs, there is some evidence to suggest that it takes a different - and far less …
Persistent link: https://www.econbiz.de/10011004154
is consistent with the adaptation hypothesis - the notion that individual aspirations adjust to reflect personal …
Persistent link: https://www.econbiz.de/10011004220
A specially designed household survey for rural China is used to analyse the determinants of aspirations for income, proxied by reported minimum income need, and the determinants of subjective well-being, both satisfaction with life and satisfaction with income.  It is found that aspiration...
Persistent link: https://www.econbiz.de/10008495344
Persistent link: https://www.econbiz.de/10005051151
History offers many examples of dictators who worsened their behavior significantly over time (like Zimbabwe's Robert Mugabe), while there are also cases of dictators who have displayed remarkable improvements (like Jerry Rawlings of Ghana).  We show that such mutations can result from rational...
Persistent link: https://www.econbiz.de/10011004292
.  We propose a completely uncoupled learning process that selects a subset of the core of the game with a natural equity …
Persistent link: https://www.econbiz.de/10011004342
learning based on level-k reasoning.  We find a systematic positive relationship between cognitive ability and levels … ability to that of character skills, and find that both cognition and personality affect behavior and learning.  More …
Persistent link: https://www.econbiz.de/10011004460
In an environment where voters face an inference problem on the competence level of policy makers, this paper shows how subjecting these policy makers to reelection can reduce the degree of policy experimentation to the benefit of the status quo.  This may be a reason why some notable policy...
Persistent link: https://www.econbiz.de/10011004471
People believe that, even in very large samples, proportions of binary signals might depart significantly from the population mean.  We model this "non-belief in the Law of Large Numbers" by assuming that a person believes that proportions in any given sample might be determined by a rate...
Persistent link: https://www.econbiz.de/10011004478