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Confidence, Self-Selection and Bias in the Aggregate
Enke, Benjamin; Graeber, Thomas Wilhelm; Oprea, Ryan - National Bureau of Economic Research - 2022
The influence of behavioral biases on aggregate outcomes like prices and allocations depends in part on self-selection: whether rational people opt more strongly into aggregate interactions than biased individuals. We conduct a series of betting market, auction and committee experiments using 15...
Persistent link: https://www.econbiz.de/10013334479
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A Cognitive Foundation for Perceiving Uncertainty
Bohren, J. Aislinn; Hascher, Josh; Imas, Alex; … - National Bureau of Economic Research - 2024
We propose a framework where perceptions of uncertainty are driven by the interaction between cognitive constraints and the way that people learn about it--whether information is presented sequentially or simultaneously. People can learn about uncertainty by observing the distribution of...
Persistent link: https://www.econbiz.de/10014486240
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Diminishing Marginal Utility Revisited
Kimball, Miles S.; Reck, Daniel; Zhang, Fudong; Ōtake, … - National Bureau of Economic Research - 2024
' utility functions from hypothetical choice data, while accounting for survey response error. Types of curvature examined …
Persistent link: https://www.econbiz.de/10014468277
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Moral Boundaries
Enke, Benjamin - National Bureau of Economic Research - 2023
This article reviews the growing economics literature that studies the politico-economic impacts of heterogeneity in moral boundaries across individuals and cultures. The so-called universalism-versus-particularism cleavage has emerged as a main organizing principle behind various salient...
Persistent link: https://www.econbiz.de/10014372458
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Superiority-Seeking and the Preference for Exclusion
Imas, Alex; Madarász, Kristóf - National Bureau of Economic Research - 2022
We propose that a person's desire to consume an object or possess an attribute increases in how much others want but cannot have it. We term this motive superiority-seeking, and show that it generates preferences for exclusion that help explain a host of market anomalies and make novel...
Persistent link: https://www.econbiz.de/10013361988
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A Synthetic Model of Disruption and Experimentation
Gans, Joshua - National Bureau of Economic Research - 2021
This paper examines how a firm's choice of the type of experiment impacts on its potential exploitation of new … informally suggested that firms undertake errors in experimental choice (in particular, choosing experiments that involved biased …
Persistent link: https://www.econbiz.de/10012599381
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An Analysis of the Selection of Arbitrators
Bloom, David E. - 1986
This paper analyses data on union and employer rankings of different panels of arbitrators in an actual arbitration system. A random utility model of bargainer preferences is developed and estimated. The estimates indicate that unions and employers have similar preferences, in favor of lawyers,...
Persistent link: https://www.econbiz.de/10012477134
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Education for All? A Nationwide Audit Study of School Choice
Bergman, Peter - 2018
School choice may allow schools to impede access to students perceived as costlier to educate. To test this, we sent … emails from fictitious parents to 6,452 charter schools and traditional public schools subject to school choice in 29 states …
Persistent link: https://www.econbiz.de/10012481043
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Selection on Welfare Gains : Experimental Evidence from Electricity Plan Choice
Ito, Koichiro; Ida, Takanori; Tanaka, Makoto - National Bureau of Economic Research - 2021
electricity plan choice. Consumers were offered socially efficient dynamic pricing with randomly assigned take-up incentives. We …
Persistent link: https://www.econbiz.de/10012482629
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Improving the Quality of Choices in Health Insurance Markets
Abaluck, Jason - 2016
Insurance product choice is a central feature of health insurance markets in the United States, yet there is ongoing … concern over whether consumers choose appropriately in such markets - and little evidence on solutions to any choice … document large choice inconsistencies, with the typical employee foregoing savings of more than $600 in their insurance plan …
Persistent link: https://www.econbiz.de/10012455763