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(Pro-) Social Learning and Strategic Disclosure

Bénabou, Roland; Vellodi, Nikhil - National Bureau of Economic Research - 2024

We study a sequential experimentation model with endogenous feedback. Agents choose between a safe and risky action, the latter generating stochastic rewards. When making this choice, each agent is selfishly motivated (myopic). However, agents can disclose their experiences to a public record,...

Persistent link: https://www.econbiz.de/10014544761

Rationalizable Learning

Caplin, Andrew; Martin, Daniel; Marx, Philip - National Bureau of Economic Research - 2023

maker has learned? The key constraint we impose, which is shared across models of Bayesian learning, is that any learning … Dean 2015) and the NIAS condition (Caplin and Martin 2015) to allow for arbitrary learning. We apply our framework to show … how identification of what was learned can be strengthened with additional assumptions on the form of Bayesian learning …

Persistent link: https://www.econbiz.de/10013537767

Managing Mental Accounts : Payment Cards and Consumption Expenditures

Gelman, Michael; Roussanov, Nikolai - National Bureau of Economic Research - 2023

Does mental accounting matter for total consumption expenditures? We exploit a unique setting in which individuals exogenously received a new credit card, without requesting one. Using random variation in the time of receipt we show that individuals temporarily increase total consumption...

Persistent link: https://www.econbiz.de/10014337846

Measuring What is Top of Mind

Haaland, Ingar; Roth, Christopher; Stantcheva, Stefanie; … - National Bureau of Economic Research - 2024

We survey the recent literature in economics measuring what is on top of people's minds using open-ended questions. We first provide an overview of studies in political economy, macroeconomics, finance, labor economics, and behavioral economics that have employed such measurement. We next...

Persistent link: https://www.econbiz.de/10014544700

CHOICE – What Can Go Wrong?

McFadden, Daniel - National Bureau of Economic Research - 2023

The elegant economic picture of rational consumers achieving Pareto optimality through trade in decentralized self-organized markets is blurred by market imperfections and choices inconsistent with consumer self-interest. Behavioral economics has documented these errors in choice, and considered...

Persistent link: https://www.econbiz.de/10014250182

It Hurts To Ask

Bénabou, Roland; Jaroszewicz, Ania; Loewenstein, George F. - National Bureau of Economic Research - 2022

We analyze the offering, asking, and granting of help or other benefits as a three-stage game with bilateral private information between a person in need of help and a potential help-giver. Asking entails the risk of rejection, which can be painful: since unawareness of the need can no longer be...

Persistent link: https://www.econbiz.de/10013388842

Forecasting the Impact of Racial Uprisings, Market versus Stakeholders' Expectations

Ba, Bocar A.; Rivera, Roman; Whitefield, Alexander - National Bureau of Economic Research - 2023

Given police abolitionism's new visibility after the 2020 racial justice protests, we assess stakeholder beliefs on the protests' stock impacts on police-affiliated firms. Experts generally underestimate the firms' stock gains, except situated experts like community organizers and police...

Persistent link: https://www.econbiz.de/10014436988

A Model of Behavioral Manipulation

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

products to a user who slowly learns product quality. User learning depends on a product's "glossiness,' which captures …

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

Do Consumers Acquire Information Optimally? Experimental Evidence from Energy Efficiency

La Nauze, Andrea; Myers, Erica - National Bureau of Economic Research - 2023

We use an experiment to test whether consumers optimally acquire information on energy costs in appliance markets where, like many contexts, consumers are poorly informed and make mistakes despite freely-available information. We find consumers acquire information suboptimally; there is little...

Persistent link: https://www.econbiz.de/10014372499

Not Learning from Others

Conlon, John; Mani, Malavika; Rao, Gautam; Ridley, Matthew - National Bureau of Economic Research - 2022

We provide evidence of a powerful barrier to social learning: people are much less sensitive to information others …

Persistent link: https://www.econbiz.de/10013362032

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