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International trade and cultural diversity : a model of preference selection

Bala, Vankatesh; Long, Ngo Van - 2004

provide an explanation of why small countries sometimes exclude certain goods (especially those related to culture) from trade …

Persistent link: https://www.econbiz.de/10010261231

Culture and institutions : economic development in the regions of Europe

Tabellini, Guido - 2005

Does culture have a causal effect on economic development? The data on European regions suggest that it does. Culture … individual self-determination. To isolate the exogenous variation in culture, I rely on two historical variables used as … level. The exogenous component of culture due to history is strongly correlated with current regional economic development …

Persistent link: https://www.econbiz.de/10010261295

Herding, Warfare, and a Culture of Honor : Global Evidence

Cao, Yiming; Enke, Benjamin; Falk, Armin; Giuliano, Paola; … - 2022

According to the widely known ‘culture of honor’ hypothesis from social psychology, traditional herding practices have …

Persistent link: https://www.econbiz.de/10013308100

The negative consequences of overambitious curricula in developing countries

Pritchett, Lant; Beatty, Amanda - 2012

Learning profiles, that track changes in student skills per year of schooling, often find shockingly low learning gains. Using data from three recent studies in South Asia and Africa, we show that a majority of students spend years of instruction with no progress on basics. We argue shallow...

Persistent link: https://www.econbiz.de/10010291528

Heat and Learning

Goodman, Joshua - 2019

We demonstrate that heat inhibits learning and that school air-conditioning mitigates this effect. Student fixed effects models using 10 million PSAT-retakers show hotter school days in years before the test reduce scores, with extreme heat being particularly damaging. Weekend and summer heat...

Persistent link: https://www.econbiz.de/10012892281

Heterogeneity in Individual Expectations, Sentiment, and Constant-Gain Learning

Cole, Stephen J. - 2020

The adaptive learning approach has been fruitfully employed to model the formation of aggregate expectations at the macroeconomic level, as an alternative to rational expectations. This paper uses adaptive learning to understand, instead, the formation of expectations at the micro-level, by...

Persistent link: https://www.econbiz.de/10012831652

Cross-Game Learning and Cognitive Ability in Auctions

Giebe, Thomas; Kocher, Martin G.; Schudy, Simeon; … - 2021

Overbidding in second-price auctions (SPAs) has been shown to be persistent and associated with cognitive ability. We study experimentally to what extent cross-game learning can reduce overbidding in SPAs, taking into account cognitive skills. Employing an order-balanced design, we use...

Persistent link: https://www.econbiz.de/10013314693

Perceived Uncertainty Shocks, Excess Optimism-Pessimism, and Learning in the Business Cycle

Chatterjee, Pratiti; Milani, Fabio - 2021

What are the effects of beliefs, sentiment, and uncertainty, over the business cycle? To answer this question, we develop a behavioral New Keynesian macroeconomic model, in which we relax the assumption of rational expectations. Agents are, instead, boundedly rational: they have a...

Persistent link: https://www.econbiz.de/10013315209

Behavioral New Keynesian Models : Learning vs. Cognitive Discounting

Meggiorini, Greta; Milani, Fabio - 2021

This paper estimates a New Keynesian model with new and old behavioral elements. Agents in the model exhibit cognitive discounting, or myopia: they discount variables far into the future at higher rates than typically implied in the benchmark model. We investigate the model under different...

Persistent link: https://www.econbiz.de/10013229788

Cultural Stereotypes of Multinational Banks

Eichengreen, Barry; Saka, Orkun - 2022

cultural stereotypes at the bank level, we show that corporate culture at bank headquarters is influenced by foreign …. We therefore leverage the geography of multinational bank branch networks to construct a bank-specific measure of culture …

Persistent link: https://www.econbiz.de/10014290033