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Institutions and Behavior : Experimental Evidence on the Effects of Democracy
Dal Bó, Pedro - 2008
A novel experiment is used to show that the effect of a policy on the level of cooperation is greater when it is chosen democratically by the subjects than when it is exogenously imposed. In contrast to the previous literature, our experimental design allows us to control for selection effects...
Persistent link: https://www.econbiz.de/10012464648
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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
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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
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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
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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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Expectations, Life Expectancy, and Economic Behavior
Hamermesh, Daniel S. - 1982
Unlike price expectations, which are central to macroeconomic theory and have been examined extensively using survey … data, formation of individuals' horizons, which are central to the theory of life-cycle behavior, have been completely …
Persistent link: https://www.econbiz.de/10012478276
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Martingale-Like Behavior of Prices
Sims, Christopher A. - 1980
Asset prices set in a competitive market need not be martingales; that is, it need not be true that the best predictor of future prices is the current price. Nonetheless, statistical tests for this property are sometimes treated as tests for the proper functioning of an asset market; asset...
Persistent link: https://www.econbiz.de/10012478647
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Noisy Memory and Over-Reaction to News
da Silveira, Rava Azeredo - 2019
complexity of memory measured using Shannon's mutual information, as in models of rational inattention; but our theory differs …
Persistent link: https://www.econbiz.de/10012479434
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Behavioral Corporate Finance
Malmendier, Ulrike - 2018
Behavioral Corporate Finance provides new and testable explanations for long-standing corporate-finance puzzles by applying insights from psychology to the behavior of investors, managers, and third parties (e. g., analysts or bankers). This chapter gives an overview of the three leading streams...
Persistent link: https://www.econbiz.de/10012480814
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The New Economics of Equilibrium Sorting and its Transformational Role for Policy Evaluation
Kuminoff, Nicolai V. - 2010
Households "sort" across neighborhoods according to their wealth and their preferences for public goods, social characteristics, and commuting opportunities. The aggregation of these individual choices in markets and in other institutions influences the supply of amenities and local public...
Persistent link: https://www.econbiz.de/10012462307