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Learning and Disagreement in an Uncertain World

Acemoglu, Daron - 2006

Most economic analyses presume that there are limited differences in the prior beliefs of individuals, as assumption most often justified by the argument that sufficient common experiences and observations will eliminate disagreements. We investigate this claim using a simple model of Bayesian...

Persistent link: https://www.econbiz.de/10012466013

Overconfidence, Subjective Perception and Pricing Behavior

Benigno, Pierpaolo - 2006

We study the implications of a particular form of irrationality on the pricing behavior of firms in a monopolistic-competitive market with incomplete information. We assume that firms are overconfident, meaning that they over-estimate their abilities to understand the correct model of the...

Persistent link: https://www.econbiz.de/10012466749

The Behavioralist Meets the Market : Measuring Social Preferences and Reputation Effects in Actual Transactions

List, John A. - 2005

behavioral economics today. This study designs a field experiment that is explicitly linked to a controlled laboratory experiment …-interest theory. In the limit, much of the observed behavior in the marketplace that is consistent with social preferences is due to …

Persistent link: https://www.econbiz.de/10012467061

The Behavioral Economics of Smoking

Bickel, Warren K. - 1998

-policy initiatives. The results from one such experiment are presented that suggest the economic concept of inferior goods may be …

Persistent link: https://www.econbiz.de/10012472361

Self Control and Commitment : Can Decreasing the Liquidity of a Savings Account Increase Deposits?

Beshears, John - 2015

If individuals have self-control problems, they may take up commitment contracts that restrict their spending. We experimentally investigate how contract design affects the demand for commitment contracts. Each participant divides money between a liquid account, which permits unrestricted...

Persistent link: https://www.econbiz.de/10012457194

Self-Esteem, Moral Capital, and Wrongdoing

Dal Bó, Ernesto - 2008

We present an infinite-horizon model of moral standards where self-esteem and unconscious drives play key roles. In the model, an individual receives random temptations (such as bribe offers) and must decide which to resist. Individual actions depend both on conscious intent and a type...

Persistent link: https://www.econbiz.de/10012464139

Risky Behavior Among Youths : An Economic Analysis

Gruber, Jonathan - 2000

There are a host of potentially risky behaviors in which youth engage, which have important implications for both their well being as youth and their life prospects. The past decade has seen dramatic shifts in the intensity with which youths pursue these risky activities: for example, youth...

Persistent link: https://www.econbiz.de/10012470969

Self-Confidence and Social Interactions

Benabou, Roland - 2000

This paper studies the interactions between an individual's self esteem and his social environment in the workplace, at school, and in personal relationships. Because a person generally has only imperfect knowledge of his own abilities, people who derive benefits from his performance (parent,...

Persistent link: https://www.econbiz.de/10012471184

Economic Analysis of Social Interactions

Manski, Charles F. - 2000

rigor of modern economic analysis. Major theoretical developments in game theory, the economics of the family, and … endogenous growth theory have taken place. Economists have also performed new empirical research on social interactions, but the … empirical literature does not show progress comparable to that achieved in economic theory. This paper examines why and …

Persistent link: https://www.econbiz.de/10012471189

Modeling Individuals' Behavior : Evaluation of a Policymaker's Tool

Gustman, Alan L. - 1983

With a continuous decline in the cost of manipulating data and a continuous increase in the richness of data banks, policymakers have increasing opportunities to build and apply so-called micro-simulation models--modelsthat attempt to simulate the behavior of the individuals in a large...

Persistent link: https://www.econbiz.de/10012477876

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