Showing 1 - 10 of 394
randomized controlled trials (RCTs) to accumulate credible knowledge of what works, without over-reliance on questionable theory …
Persistent link: https://www.econbiz.de/10005778096
This paper provides a systematic analysis of identification in linear social interactions models. This is both a theoretical and an econometric exercise as the analysis is linked to a rigorously delineated model of interdependent decisions. We develop an incomplete information game that...
Persistent link: https://www.econbiz.de/10010821675
I formalize a widely-used empirical model of network formation. The model allows for assortative matching on observables (homophily) as well as unobserved agent level heterogeneity in link surplus (degree heterogeneity). The joint distribution of observed and unobserved agent-level...
Persistent link: https://www.econbiz.de/10010812153
We propose a simple nonparametric mixtures estimator for recovering the joint distribution of parameter heterogeneity in economic models, such as the random coefficients logit. The estimator is based on linear regression subject to linear inequality constraints, and is robust, easy to program...
Persistent link: https://www.econbiz.de/10005033483
(real effort) in a longitudinal experiment. We pair those effort choices with a companion monetary discounting study. We …
Persistent link: https://www.econbiz.de/10010821859
This paper characterizes heterogeneity of the beliefs of American households about future stock market returns, provides an explanation for that heterogeneity and establishes its relationship to stock holding behavior. We find substantial belief heterogeneity that is puzzling since households...
Persistent link: https://www.econbiz.de/10009372446
A commonly held view is that laboratory experiments provide researchers with more “control” than natural field experiments, and that this advantage is to be balanced against the disadvantage that laboratory experiments are less generalizable. This paper presents a simple model that explores...
Persistent link: https://www.econbiz.de/10011133521
This paper summarizes research on gender differences in economic settings. I discuss gender differences in attitudes toward competition, altruism and the closely related issue of cooperation, and risk preferences. While gender differences in competition are large and robust, the results are much...
Persistent link: https://www.econbiz.de/10011105921
can increase or decrease dishonest acts. We lend empirical insights into this model by using an experiment that includes …
Persistent link: https://www.econbiz.de/10011159898
demonstrate that the inconsistency between theory and reality is driven by a fundamental failure in consumer inferences when …
Persistent link: https://www.econbiz.de/10011262923