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Cognitive Procedures and Hyperbolic Discounting
Nir, A. - Tilburg University, Center for Economic Research - 2004
"Hyperbolic discount functions are characterized by a relatively high discount rate over short horizons and a relatively low discount rate over long horizons" (Laibson 1997).We suggest two cognitive procedures where individuals perceive future utility as decreasing at a decreasing rate as a...
Persistent link: https://www.econbiz.de/10011090635
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Relationships as Commitment Devices : Strategic Silence
Nir, A. - Tilburg University, Center for Economic Research - 2004
People who understand self-control problems can devise mechanisms to overcome them.In this paper, we discuss how relationships can help individuals overcome their selfcontrol problems by creating a tradeoff between desired present procrastination and undesired future procrastination.Threatening...
Persistent link: https://www.econbiz.de/10011092398
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A Behavioral Model of Conumption Patterns : The Effects of Cognitive Dissonance and Conformity
Nir, A. - Tilburg University, Center for Economic Research - 2004
Cognitive dissonance causes people to rationalize actions that differ from their own preferences.Conformity, on the … consequences of preference dynamic that occur when individuals rationalize their preferences, are conformists and have a minimum … preferences to a greater degree, (2) Individuals' optimal consumption pattern will be unstable and scatter over time, (3) Average …
Persistent link: https://www.econbiz.de/10011092514
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The Effect of Adolescent Health on Educational Outcomes: Causal Evidence using ‘Genetic Lotteries’ between Siblings
Fletcher, Jason M.; Lehrer, Steven F. - Vancouver School of Economics - 2009
There has been growing interest in using specific genetic markers as instrumental variables in attempts to assess causal relationships between health status and socioeconomic outcomes, including human capital accumulation. In this paper we use a combination of family fixed effects and genetic...
Persistent link: https://www.econbiz.de/10004978944
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Experimental Estimates of the Impacts of Class Size on Test Scores: Robustness and Heterogeneity
Ding, Weili; Lehrer, Steven F. - Vancouver School of Economics - 2011
Proponents of class size reductions draw heavily on the results from Project STAR to support their initiatives. Adding to the political appeal of these initiative are reports that minority and economically disadvantaged students received the largest benefits from smaller classes. We extend this...
Persistent link: https://www.econbiz.de/10009191054