Narrow search
Showing 1 - 10 of 1,864
Cover Image
Approximate Expected Utility Rationalization
Echenique, Federico - 2019
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
Cover Image
On the Causes and Consequences of Deviations from Rational Behavior
Zegners, Dainis - 2020
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
Cover Image
Tax Decentralization Notwithstanding Regional Disparities
Bellofatto, Antonio; Besfamille, Martin - 2019
In assessing the desirability for tax decentralization reforms, a dilemma between efficiency and redistribution emerges. By limiting the ability of the central government to redistribute resources towards regions in financial needs, decentralization curbs incentives for excessive subnational...
Persistent link: https://www.econbiz.de/10012871755
Cover Image
Optimally Imprecise Memory and Biased Forecasts
Azeredo da Silveira, Rava; Sung, Yeji; Woodford, Michael - 2021
complexity of memory measured using Shannon’s mutual information, as in models of rational inattention; but our theory differs …
Persistent link: https://www.econbiz.de/10013314916
Cover Image
On Time and Money Donations
Cappellari, Lorenzo; Ghinetti, Paolo; Turati, Gilberto - 2021
This paper investigates the determinants of time and money gifts. We first develop a behavioural model which accounts for both types of donations, as well as for decisions about domestic and market hours of work. We then investigate the issue empirically, using survey data for Italy. Results...
Persistent link: https://www.econbiz.de/10013316768
Cover Image
Perceived Wealth, Cognitive Sophistication and Behavioral Inattention
Assenza, Tiziana - 2020
By means of a laboratory experiment, we show that, contrary to standard consumer theory, financially equivalent balance …
Persistent link: https://www.econbiz.de/10012845685
Cover Image
Complexity and Time
Enke, Benjamin; Graeber, Thomas; Oprea, Ryan - 2023
We provide experimental evidence that core intertemporal choice anomalies – including extreme short-run impatience, structural estimates of present bias, hyperbolicity and transitivity violations – are driven by complexity rather than time or risk preferences. First, all anomalies also arise...
Persistent link: https://www.econbiz.de/10014358834
Cover Image
Would global patent protection be too weak without international coordination?
Lai, Edwin L.-C.; Yan, Isabel K.-M. - 2011
This paper analyzes the setting of national patent policies in the global economy. In the standard model with free trade and social-welfare-maximizing governments à la Grossman and Lai (2004), cross-border positive policy externalities induce individual countries to select patent strengths that...
Persistent link: https://www.econbiz.de/10010277393
Cover Image
The weak rationality principle in economics
Kirchgässner, Gebhard - 2005
The weak rationality principle is not an empirical statement but a heuristic rule of how to proceed in social sciences …-foundation and, therefore, employ the rationality assumption in economic models. Then, with reference to the ?bounded rationality … a part of the rationality assumption. We conclude with some remarks on handling the problems of ?free will? as well as …
Persistent link: https://www.econbiz.de/10010272873
Cover Image
Rules versus discretion in loan rate setting
Cerqueiro, Geraldo; Degryse, Hans; Ongena, Steven - 2007
We propose a heteroscedastic regression model to identify the determinants of the dispersion in interest rates on loans granted to small and medium sized enterprises. We interpret unexplained deviations as evidence of the banks' discretionary use of market power in the loan rate setting process....
Persistent link: https://www.econbiz.de/10010264203