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The Power of Asking : How Communication Affects Selfishness, Empathy, and Altruism
Andreoni, James - 2010
communication between subjects. In reality, however, altruism usually requires interaction between givers and receivers, which … altruism are built on human sociality. We experimentally examine communication in which one subject allocates $10 between … other condition. When empathy was heightened by putting allocators "in the receivers shoes," altruism appeared as if …
Persistent link: https://www.econbiz.de/10012462283
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Narrative Economics
Shiller, Robert J. - 2017
This address considers the epidemiology of narratives relevant to economic fluctuations. The human brain has always been highly tuned towards narratives, whether factual or not, to justify ongoing actions, even such basic actions as spending and investing. Stories motivate and connect activities...
Persistent link: https://www.econbiz.de/10012481063
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Does Monetary Policy Matter? The Narrative Approach after 35 Years
Romer, Christina; Romer, David - National Bureau of Economic Research - 2023
The narrative approach to macroeconomic identification uses qualitative sources, such as newspapers or government records, to provide information that can help establish causal relationships. This paper discusses the requirements for rigorous narrative analysis using fresh research on the impact...
Persistent link: https://www.econbiz.de/10014250187
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Causal Narratives
Kendall, Chad W.; Charles, Constantin - National Bureau of Economic Research - 2022
We study the generation, transmission, and effects of causal narratives - narratives which describe a (potentially incorrect) causal relationship between variables. In a controlled experiment, we show that exogenously generated causal narratives manipulate the beliefs and actions of subjects in...
Persistent link: https://www.econbiz.de/10013362000
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The Macroeconomics of Narratives
Flynn, Joel P.; Sastry, Karthik - National Bureau of Economic Research - 2024
We study the macroeconomic implications of narratives, defined as beliefs about the economy that spread contagiously. In an otherwise standard business-cycle model, narratives generate persistent and belief-driven fluctuations. Sufficiently contagious narratives can "go viral," generating...
Persistent link: https://www.econbiz.de/10014576631
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Do Mood Swings Drive Business Cycles and is it Rational?
Beaudry, Paul - 2011
This paper provides new evidence in support of the idea that bouts of optimism and pessimism drive much of US business cycles. In particular, we begin by using sign-restriction based identification schemes to isolate innovations in optimism or pessimism and we document the extent to which such...
Persistent link: https://www.econbiz.de/10012461007
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The Impact of AI and Cross-Border Data Regulation on International Trade in Digital Services : A Large Language Model
Sun, Ruiqi; Trefler, Daniel - National Bureau of Economic Research - 2023
The rise of artificial intelligence (AI) and of cross-border restrictions on data flows has created a host of new questions and related policy dilemmas. This paper addresses two questions: How is digital service trade shaped by (1) AI algorithms and (2) by the interplay between AI algorithms and...
Persistent link: https://www.econbiz.de/10014437056
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Consumer Surveillance and Financial Fraud
Bian, Bo; Pagel, Michaela; Tang, Huan - National Bureau of Economic Research - 2023
Companies near constantly surveil their customers to collect, analyze, and profit from their private information. A prevailing concern is that the market for private data and security breaches expose consumers to financial fraud. In this study, we exploit Apple's App Tracking Transparency (ATT)...
Persistent link: https://www.econbiz.de/10014372449
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The Impact of the General Data Protection Regulation on Internet Interconnection
Zhuo, Ran - 2019
The Internet comprises thousands of independently operated networks, where bilaterally negotiated interconnection agreements determine the flow of data between networks. The European Union's General Data Protection Regulation (GDPR) imposes strict restrictions on processing and sharing of...
Persistent link: https://www.econbiz.de/10012480424
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The Salary Taboo : Privacy Norms and the Diffusion of Information
Cullen, Zoë B. - 2018
The limited diffusion of salary information has implications for labor markets, such as wage discrimination policies and collective bargaining. Access to salary information is believed to be limited and unequal, but there is little direct evidence on the sources of these information frictions....
Persistent link: https://www.econbiz.de/10012480797