Showing 1 - 10 of 17
' beliefs, in order to explore non-linearities and possible chaotic behaviour. The theoretical model contains an intrinsic non …
Persistent link: https://www.econbiz.de/10013126002
There is vast heterogeneity in the human willingness to weigh others' interests in decision making. This heterogeneity raises the question how one can parsimoniously model and characterize heterogeneity across several dimensions of social preferences while still being able to predict behavior...
Persistent link: https://www.econbiz.de/10012997075
beliefs, in order to explore non-linearities and possible chaotic behaviour. The theoretical model contains an intrinsic non …
Persistent link: https://www.econbiz.de/10009020093
of the probability of a horse winning—longshots are overbet, while favorites are underbet. Neoclassical explanations of … misperceptions of probability drive the favorite-longshot bias, as suggested by Prospect Theory. …
Persistent link: https://www.econbiz.de/10008572550
We study the causal effect of school curricula on students’ stated beliefs and attitudes. We exploit a major textbook …
Persistent link: https://www.econbiz.de/10010877958
We investigate the link between leadership, beliefs and pro-social behavior. This link is interesting because field … influenced by leaders (CEOs, politicians) and beliefs about others’ behavior. Our framework is an experimental public goods game … with a leader. We find that leaders strongly shape their followers’ initial beliefs and contributions. In later rounds …
Persistent link: https://www.econbiz.de/10010948862
It is standardly assumed that individuals adjust to perceived unfairness or norm violations in precisely the same area or relationship where the original offense has occurred. However, grievances over being exposed to injustice may have even broader consequences and also spill over to other...
Persistent link: https://www.econbiz.de/10008727283
different beliefs about how policy choices will map into future economic outcomes. We show that when the incumbent party can …-serving behavior by political parties, but rather stems from their differing beliefs about the consequences of their actions. …
Persistent link: https://www.econbiz.de/10010781549
and treat correlated information as independent. In consequence, people’s beliefs are excessively sensitive to well …-connected information sources, implying a pattern of “overshooting” beliefs. Additionally, in an experimental asset market, correlation …
Persistent link: https://www.econbiz.de/10010718532
This paper combines the standard incomplete markets model of uninsurable idiosyncratic risks and borrowing constraints with the Arrow/Romer approach to endogenous growth to analyze the interaction of risk, growth, and inequality, the latter also endogenously determined in equilibrium. We derive...
Persistent link: https://www.econbiz.de/10013105141