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Social Networks, HIV/AIDS and Risk Perceptions

Behrman, Jere; Kohler, Hans-Peter; Watkins, Susan C. - Department of Economics, University of Pennsylvania - 2003

perceptions of acceptable strategies of prevention is an essential step towards curtailing the spread of this disease. We focus in … –exert causal influences on respondents’ risk perceptions and on one approach to prevention, spousal communication about the …

Persistent link: https://www.econbiz.de/10005109617

Recursive Ambiguity and Machina’s Examples

Dillenberger, David; Segal, Uzi - Department of Economics, University of Pennsylvania - 2012

Machina (2009, 2012) lists a number of situations where standard models of ambiguity aversion are unable to capture … plausible features of ambiguity attitudes. Most of these problems arise in choice over prospects involving three or more … outcomes. We show that the recursive non-expected utility model of Segal (1987) is rich enough to accommodate all these …

Persistent link: https://www.econbiz.de/10010549199

Analyzing the Effects of Insuring Health Risks: On the Trade-off between Short Run Insurance Benefits vs. Long Run Incentive Costs

Cole, Harold L.; Kim, Soojin; Krueger, Dirk - Department of Economics, University of Pennsylvania - 2012

This paper constructs a dynamic model of health insurance to evaluate the short- and long run effects of policies that … prevent firms from conditioning wages on health conditions of their workers, and that prevent health insurance companies from … charging individuals with adverse health conditions higher insurance premia. Our study is motivated by recent US legislation …

Persistent link: https://www.econbiz.de/10010593660

Consumption Commitments and Employment Contracts

Postlewaite, Andrew; Samuelson, Larry; Silverman, Dan - Department of Economics, University of Pennsylvania - 2006

flexibility. We show that such consumption commitments can induce consumers with risk-neutral underlying utility functions to be …

Persistent link: https://www.econbiz.de/10005020645

Social Isolation and Inequality

Postlewaite, Andrew; Silverman, Dan - Department of Economics, University of Pennsylvania - 2004

There is an increasing interest in the concept of social exclusion and the related concept of social isolation and their potential role in understanding inequality. We examine the degree to which voluntary separation from social activities during adolescence affects adult wages. It is well-known...

Persistent link: https://www.econbiz.de/10005150185

What One Can Learn From the Initial Public Offering of Google? A Twenty-Year Excursion to the Venture Capital Industry

Shachmurove, Emanuel; Shachmurove, Yochanan - Department of Economics, University of Pennsylvania - 2004

Over the past two decades the venture capital industry became a major focus for the financial media. With potential for high rates of return, this industry attracts entrepreneurs looking for opportunities to invest. While some investments are successful and highly publicized, many are not. This...

Persistent link: https://www.econbiz.de/10005150198

The Effect of Adolescent Experience on Labor Market Outcomes: The Case of Height, Third Version

Persico, Nicola; Postlewaite, Andrew; Silverman, Dan - Department of Economics, University of Pennsylvania - 2001

Taller workers receive a wage premium. Net of differences in family background, the disparity is similar in magnitude to the race and gender gaps. We exploit variation in an individual’s height over time to explore how height affects wages. Controlling for teen height essentially eliminates...

Persistent link: https://www.econbiz.de/10005150202

Rationality of Belief Or Why Bayesianism is neither necessary nor sufficient for rationality

Gilboa, Itzhak; Postlewaite, Andrew; Schmeidler, David - Department of Economics, University of Pennsylvania - 2004

Economic theory reduces the concept of rationality to internal consistency. The practice of economics, however, distinguishes between rational and irrational beliefs. There is therefore an interest in a theory of rational beliefs, and of the process by which beliefs are generated and justified....

Persistent link: https://www.econbiz.de/10005150228

Subjective Learning, Second Version

Dillenberger, David; Sadowski, Philipp - Department of Economics, University of Pennsylvania - 2011

We study an individual who faces a dynamic decision problem in which the process of information arrival is unobserved by the analyst. We derive a sequence of representations of preferences over menus of acts that capture the individual's uncertainty about his future beliefs. Using the most...

Persistent link: https://www.econbiz.de/10009652215

Optimism and Pessimism with Expected Utility

Dillenberger, David; Postlewaite, Andrew; Rozen, Kareen - Department of Economics, University of Pennsylvania - 2011

utility representation. We show that in addition to this representation, there is a continuum of other .expected utility … pessimists and separate attitude towards uncertainty from curvature of the utility function over monetary prizes. …

Persistent link: https://www.econbiz.de/10009351308