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What can explain the large changes in aggregate demand that occur in the absence of any seemingly corresponding shock to the underlying state variables of the economy? We show that macroeconomic volatility can arise from dispersions of beliefs among agents. These dispersions give rise to bets...
Persistent link: https://www.econbiz.de/10012482631
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
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
Economists have long been ambivalent about whether the discipline should focus on the analysis of markets or should be concerned with social interactions more generally. Recently the discipline has sought to broaden its scope while maintaining the rigor of modern economic analysis. Major...
Persistent link: https://www.econbiz.de/10012471189
The rapid increase in online instruction in higher education has heightened concerns about cheating. We use a randomized control design to test whether informing students that we can detect plagiarism reduces cheating. We further test whether informing students they have been caught cheating...
Persistent link: https://www.econbiz.de/10012938724
I provide a theoretically-guided discussion of the dynamics of human behavior, focusing on the importance of culture …
Persistent link: https://www.econbiz.de/10012938773
large wildfire smoke events across the US, a rapidly-growing environmental stressor. Health-protective behavior, mobility …
Persistent link: https://www.econbiz.de/10012660058
equipped to predict how these tradeoffs interact with individuals' preferences to influence behavior. Policies based on such … models may not reflect societal preferences or capture how preferences affect behavior and disease spread. Models with … epidemiological processes that do incorporate behavior change or health-wealth tradeoffs (mostly from economics) drastically limit …
Persistent link: https://www.econbiz.de/10012585382
We introduce a model of the diffusion of an epidemic with demographically heterogeneous agents interacting socially on a spatially structured network. Contagion-risk averse agents respond behaviorally to the diffusion of the infections by limiting their social interactions. Firms also respond by...
Persistent link: https://www.econbiz.de/10012585416
People often estimate probabilities, such as the likelihood that an insurable risk will materialize or that an Irish person has red hair, by retrieving experiences from memory. We present a model of this process based on two established regularities of selective recall: similarity and...
Persistent link: https://www.econbiz.de/10012629493