also on the decisions of others. In the present article, we review the literature on decision making made by groups of the …

This paper considers the problem of aggregation in the case of large linear dynamic panels, where each micro unit is … Pesaran (2003), an optimal aggregate function is derived, and the limiting behavior of the aggregation error is investigated … which 'observed' inflation persistence at the aggregate level is due to aggregation and/or common unobserved factors. Our …

payers act according to some non-expected utility theory, and (2) Individual ethical norms and social stigma induce people … subjective probabilities of being penalised according to the rank dependent utility theory, and (2) Tax payers' beliefs about … social norms have an effect on their decision to evade taxes. Our model is characterized by a simultaneous determination of …

This paper studies experimentally when and how ideological motives shape group decision-making outcomes. Groups …