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Biased Memory and Perceptions of Self-Control

Sial, Afras Y.; Sydnor, Justin R.; Taubinsky, Dmitry - National Bureau of Economic Research - 2023

Using data from a field experiment on exercise, we analyze the relationship between imperfect memory and people's awareness of their limited self-control. We find that people overestimate past gym attendance, and that larger overestimation of past attendance is associated with (i) more...

Persistent link: https://www.econbiz.de/10013537719

Empire-Builders and Shirkers : Investment, Firm Performance, and Managerial Incentives

Aggarwal, Rajesh K. - 1999

shareholders and managers in which managers have private benefits or private costs of investment. Managers overinvest when they …, in isolation, is insufficient to identify whether managers have private benefits or private costs of investment. In order … to identify whether managers have private benefits or costs, we estimate the joint relationships between incentives and …

Persistent link: https://www.econbiz.de/10012471449

The Other Side of the Tradeoff : The Impact of Risk on Executive Compensation

Aggarwal, Rajesh - 1998

The principal-agent model of executive compensation is of central importance to the modern theory of the firm and corporate governance, yet the existing empirical evidence supporting it is quite weak. The key predication of the model is that the executive's pay-performance sensitivity is...

Persistent link: https://www.econbiz.de/10012472176

Asset Sales, Firm Performance, and the Agency Costs of Managerial Discretion

Lang, Larry - 1994

We argue that management sells assets when doing so provides the cheapest funds to pursue its objectives rather than for operating efficiency reasons alone. This hypothesis suggests that (1) firms selling assets have high leverage and/or poor performance, (2) a successful asset sale is good news...

Persistent link: https://www.econbiz.de/10012474282

Measuring Self-Control

Ameriks, John - 2004

How significant are individual differences in self-control? Do these differences impact wealth accumulation? From where do they derive? Our survey-based measure of self-control provides insights into all three questions: 1.There are individual differences in self-control not only of a...

Persistent link: https://www.econbiz.de/10012468179

Human Frictions in the Transmission of Economic Policies

D'Acunto, Francesco; Hoang, Daniel; Paloviita, Maritta; … - National Bureau of Economic Research - 2021

Many consumers below the top of the distribution of a representative population by cognitive abilities barely react to monetary and fiscal policies that aim to stimulate consumption and borrowing, even when they are financially unconstrained and despite substantial debt capacity. Differences in...

Persistent link: https://www.econbiz.de/10012629499

A Model of Behavioral Manipulation

Acemoglu, Daron; Makhdoumi, Ali; Malekian, Azarakhsh; … - National Bureau of Economic Research - 2023

We build a model of online behavioral manipulation driven by AI advances. A platform dynamically offers one of n products to a user who slowly learns product quality. User learning depends on a product's "glossiness,' which captures attributes that make products appear more attractive than they...

Persistent link: https://www.econbiz.de/10014437003

Time Preferences and Food Choice

Brownback, Andy; Imas, Alex; Kuhn, Michael A. - National Bureau of Economic Research - 2023

Healthy food choices are a canonical example used to illustrate the importance of time preferences in behavioral economics. However, the literature lacks a direct demonstration that they are well-predicted by incentivized time preference measures. We offer direct evidence by combining a novel,...

Persistent link: https://www.econbiz.de/10014372483

Behavioral Public Economics : Welfare and Policy Analysis with Non-Standard Decision-Makers

Bernheim, B. Douglas - 2005

This paper has two goals. First, we discuss several emerging approaches to applied welfare analysis under non-standard ("behavioral") assumptions concerning consumer choice. This provides a foundation for Behavioral Public Economics. Second, we illustrate applications of these approaches by...

Persistent link: https://www.econbiz.de/10012467161

Denial of Death and Economic Behavior

Kopczuk, Wojciech - 2005

We model denial of death and its effect on economic behavior. Attempts to reduce death anxiety and the possibility of denial of mortality-relevant information interact with intertemporal choices and may lead to time-inconsistent behavior and other "behavioral" phenomena. In the model, repression...

Persistent link: https://www.econbiz.de/10012467194

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