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Persistent link: https://www.econbiz.de/10000663281
During the financial crisis, life insurers sold long-term policies at deep discounts relative to actuarial value. The average markup was as low as -19 percent for annuities and -57 percent for life insurance. This extraordinary pricing behavior was due to financial and product market frictions,...
Persistent link: https://www.econbiz.de/10012460342
We estimate the impact of district-level schooling mode (in-person versus hybrid or distance learning) on test scores …
Persistent link: https://www.econbiz.de/10012696406
We compare how well agents aggregate information in two repeated social learning environments. In the first setting …
Persistent link: https://www.econbiz.de/10013191057
We explore a model of non-Bayesian information aggregation in networks. Agents non-cooperatively choose among Friedkin-Johnsen type aggregation rules to maximize payoffs. The DeGroot rule is chosen in equilibrium if and only if there is noiseless information transmission...leading to consensus....
Persistent link: https://www.econbiz.de/10013190991
We analyze the behavior of game-show contestants who play a one-shot game called Friend or Foe. While it is a weakly dominant strategy not to cooperate, almost half the contestants on the show choose to play friend.' Remarkably, the behavior of contestants remains unchanged even when stakes are...
Persistent link: https://www.econbiz.de/10012468893
A large body of literature suggests that the first years of life are critical for long-term economic, health and social outcomes. However, the effect of public programs on early life skills formation is largely unknown due to data limitations. In this paper we use novel data from a large...
Persistent link: https://www.econbiz.de/10012452889
Mastery learning - the process by which students must demonstrate proficiency with a single topic before moving on - is … implement it into a classroom setting. This study evaluates a program to encourage greater mastery learning through technology … coaching in how to use Computer Assisted Learning (CAL) for helping students follow a customized roadmap of incremental …
Persistent link: https://www.econbiz.de/10014528427
investigate this claim using a simple model of Bayesian learning. Two individuals with different priors observe the same infinite … behavior in a range of circumstances. We illustrate how the type of learning outlined in this paper interacts with economic …
Persistent link: https://www.econbiz.de/10012466013
learning and policy recommendation in advisory committees. We quantify the effectiveness of advisory panels, and evaluate …
Persistent link: https://www.econbiz.de/10015056111