Showing 1 - 10 of 367
insurance (WICI) in Ethiopia. We use an endogenous switching (ESP) model to address self-selection and simultaneity bias …
Persistent link: https://www.econbiz.de/10012866564
In the seminal rational inattention model of Matĕjka and McKay (2015), logit demand arises from the discrete choice of agents who are uncertain about choice payoffs and who have access to a flexible, costly information acquisition technology (RI-logit). A notable limitation of this powerful...
Persistent link: https://www.econbiz.de/10014358846
We present the results of a randomized intervention to study how teaching financial literacy to 16-year old high-school students affects their behavior in risk and time preference tasks. Compared to two different control treatments, we find that teaching financial literacy makes subjects behave...
Persistent link: https://www.econbiz.de/10014350763
approach by analyzing data from an experiment conducted in Denmark. Our approach produces tight bounds on the causal effect of … estimated bounds suggesting that elicited higher-order belief data in our experiment is weakly (if at all) affected by a …
Persistent link: https://www.econbiz.de/10012892074
Reporting private information is a key part of economic decision making. A recent literature has found that many people have a preference for honest reporting, contrary to usual economic assumptions. In this paper, we investigate whether preferences for honesty are malleable and what determines...
Persistent link: https://www.econbiz.de/10013231961
We use four incentivized representative surveys to study the endowment effect for lotteries in 4,000 U.S. adults. We replicate the standard finding of an endowment effect—the divergence between Willingness to Accept (WTA) and Willingness to Pay (WTP), but document three new findings. First, we...
Persistent link: https://www.econbiz.de/10014262473
elicited through a Discrete Choice Experiment performed in 2008 in Switzerland. Attributes are redistribution as GDP share, its …
Persistent link: https://www.econbiz.de/10010270874
Empirical welfare analyses often impose stringent parametric assumptions on individuals’ preferences and neglect unobserved preference heterogeneity. In this paper, we develop a framework to conduct individual and social welfare analysis for discrete choice that does not suffer from these...
Persistent link: https://www.econbiz.de/10013228344
This paper investigates the effect of physicians on infant mortality, stillbirths and the incidence of common childhood … endogeneity of health care supply is addressed by using the expulsion of Jewish physicians from health insurance schemes by the … control function approach. Our results indicate that the marginal returns to physicians are highly nonlinear and decreasing …
Persistent link: https://www.econbiz.de/10012908713
there is substantial variation in the quality of physicians, as measured by patients’ post-assignment mortality, in the …
Persistent link: https://www.econbiz.de/10014082234