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Manzini, Paola; Mariotti, Marco - 2010

We study a psychologically based foundation for choice errors. The decision maker applies a preference ranking after forming a 'consideration set' prior to choosing an alternative. Membership of the consideration set is determined both by the alternative specific salience and by the rationality...

Persistent link: https://www.econbiz.de/10003976811

Cognitive skills, strategic sophistication, and life outcomes

Fe, Eduardo; Gill, David; Prowse, Victoria - 2020

emphasize the importance of childhood theory-of-mind as a cognitive skill. We collected experimental data from more than seven … hundred children in a variety of strategic interactions. First, we find that theory-of-mind ability and cognitive ability both … provides support for the emergence of a sophisticated strategic theory-of-mind. Third, theory-of-mind and age strongly predict …

Persistent link: https://www.econbiz.de/10012322040

Subjective well-being and public policy

Odermatt, Reto; Stutzer, Alois - 2017

Measures of subjective well-being have gained substantial attention in economics as quantitative approximations of individual welfare. They allow researchers to study relevant determinants of welfare on an individual as well as on a societal level. These determinants might not to be easily...

Persistent link: https://www.econbiz.de/10011743539

Econometric explorations on bounded rationality : the case of job changing behavior

Contini, Bruno (contributor); Morini, Matteo (contributor) - 2007

"In this paper we question the hypothesis of full rationality in the context of job changing behavior, via simple econometric explorations on microdata drawn from WHIP (Worker Histories Italian Panel). A rational outcome of the job matching process implies a positive tradeoff between future...

Persistent link: https://www.econbiz.de/10003451840

Infinite dimensional VARs and factor models

Chudik, Alexander (contributor); … - 2007

This paper introduces a novel approach for dealing with the 'curse of dimensionality' in the case of large linear dynamic systems. Restrictions on the coefficients of an unrestricted VAR are proposed that are binding only in a limit as the number of endogenous variables tends to infinity. It is...

Persistent link: https://www.econbiz.de/10003646695

Geographic proximity, trade and international conflict/cooperation

Robst, John (contributor); Polachek, Solomon W. (contributor) - 2006

This paper examines the interactive effect of distance and trade on international conflict and cooperation. The effect of geographic distance depends on trade, while the effect of trade varies with geographic distance. Trade reduces conflict to a greater extent when dyads are geographically...

Persistent link: https://www.econbiz.de/10003283434

International migration with heterogeneous agents : theory and evidence

Brücker, Herbert (contributor); … - 2006

International migration is characterized by two puzzling facts: First, only a small share of the population tends to migrate although substantial and persisting income differences across countries exist. Second, net migration rates tend to cease over time despite persisting income differences....

Persistent link: https://www.econbiz.de/10003376850

Does immigration boost per capita income?

Felbermayr, Gabriel; Hiller, Sanne; Sala, Davide - In: Economics letters 107 (2010) 2, pp. 177-179

Persistent link: https://www.econbiz.de/10003991913

Earnings over the lifecycle : the Mincer earnings function and its applications

Polachek, Solomon W. (contributor) - 2007

In 1958 Jacob Mincer pioneered an important approach to understand how earnings are distributed across the population. In the years since Mincer's seminal work, he as well as his students and colleagues extended the original human capital model, reaching important conclusions about a whole array...

Persistent link: https://www.econbiz.de/10003586565

Poolability and the finance-growth nexus : a cautionary note

Schiavo, Stefano; Vaona, Andrea - In: Economics letters 98 (2008) 2, pp. 144-147

Persistent link: https://www.econbiz.de/10003624098

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