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This paper presents novel evidence for the prevalence of deviations from rational behavior in human decision making – and for the corresponding causes and consequences. The analysis is based on move-by-move data from chess tournaments and an identification strategy that compares behavior of...
Persistent link: https://www.econbiz.de/10012831655
Using a novel dataset that contains qualitative firm survey data on sales forecasts as well as balance-sheet data on realized sales, we document that only major forecast errors are predictable and display autocorrelation. This result is a particular violation of the Full Information Rational...
Persistent link: https://www.econbiz.de/10012839767
deviation (in beliefs, utility, or perceived prices) is within e of expected utility theory. The number e can then be used as a … distance to the theory. We apply our methodology to three recent large-scale experiments. Many subjects in those experiments …
Persistent link: https://www.econbiz.de/10012892237
-driven theory of dynamic pricing in which the Phillips curve slope is endogenous to systematic aspects of monetary policy. In our …
Persistent link: https://www.econbiz.de/10013250042
consistent in revealing that groups behave closer to the game-theoretical assumption of rationality and selfishness than …
Persistent link: https://www.econbiz.de/10013111990
institutions and compare them with the economics funding program of the National Science Foundation. Our results indicate that …
Persistent link: https://www.econbiz.de/10012892043
We compare Covid-related working papers in economics to non-Covid-related working papers in four dimensions. Based on …
Persistent link: https://www.econbiz.de/10014082235
journal? We show empirically that the answer is yes, using 3167 articles published in five of the top journals in economics …
Persistent link: https://www.econbiz.de/10013315144
Many papers in economics that are published in peer reviewed journals are initially released in widely circulated … comprises about 28.000 working papers from four major working paper series in economics. Using panel data methods, we show that …
Persistent link: https://www.econbiz.de/10013239571
American Journal of Agricultural Economics. Using more than 120,000 multi-authored articles from the Web of Science economics … subject category, we demonstrate first that the alphabetization rate in economics has declined over the last decade. Second …, we find no statistically significant relationship between alphabetized co-authorship and citations in economics using six …
Persistent link: https://www.econbiz.de/10013216255