bias is persistent and robust to several model extensions. Implications for the optimal design of intellectual property …

to a fiscal deficit bias at the early stages of financial liberalization. When countries differ in terms of capital …. Consistent with theory, I find that stronger tax competition increases deficits in a sample of OECD countries, controlling for …

, this channel for supply-driven media bias has not previously been analyzed in economics literature. We model the … provide to a media firm. Strategic interactions between these agents may have a significant impact on the level of media bias …

misperceptions of probability drive the favorite-longshot bias, as suggested by Prospect Theory …The favorite-longshot bias describes the longstanding empirical regularity that betting odds provide biased estimates …

The theory of expected utility maximization (EUM) proposed by Bernoulli explains risk aversion as a consequence of … bias | but one that represents an optimal Bayesian decision, given the limitations of the mental representation of the … laboratory experiment …

possible outcome reporting bias using gender differences in risk attitudes. There is a strong consensus view in the … outcome reporting bias in the risk and gender literature. We find no evidence that the likelihood of reporting about gender …

? Suppose a manager’s evaluation is private information. Justifying her evaluation is costly but limits the principal’s scope … for distorting her evaluation of the employee. I show that the manager justifies her evaluation if and only if the … employee’s performance was poor. The justification assures the employee that the manager has not distorted the evaluation …

Purchasing power adjusted incomes applied in cross-country comparisons are measured with bias. In this paper, we … estimate the purchasing power parity (PPP) bias in Penn World Table incomes and provide corrected incomes. The bias is … bias and the bias in consumer price index (CPI) numbers. The PPP bias and subsequent corrected incomes are measured by …