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Enke, Benjamin; Schwerter, Frederik; Zimmermann, Florian - 2019

This paper experimentally studies the role of associative memory for belief formation. Realworld information signals are often embedded in memorable contexts. Thus, today’s news, and the contexts they are embedded in, may cue the selective retrieval of similar past news and hence contribute to...

Persistent link: https://www.econbiz.de/10012118551

Firm and establishment volatility : the role of sunk costs, profit uncertainty and technological change

Ghosal, Vivek - 2003

cross-industry differences in this dimension. Theory suggests several potential factors that might explain this dispersion … lower variability of the number of firms; and (2) these relationships are non-linear as suggested by theory with initial …

Persistent link: https://www.econbiz.de/10011508062

Policy competition, imitation and coordination under uncertainty

Hefeker, Carsten - 2022

The paper analyzes under what circumstances policymakers experiment with policies with uncertain outcomes, when they prefer to imitate policies initiated in other countries, and when they prefer to coordinate policies internationally. Policymakers have private costs of active policies and...

Persistent link: https://www.econbiz.de/10013187549

Cognitive skills, strategic sophistication, and life outcomes

Fe, Eduardo; Gill, David; Prowse, Victoria - 2020

emphasize the importance of childhood theory-of-mind as a cognitive skill. We collected experimental data from more than seven … hundred children in a variety of strategic interactions. First, we find that theory-of-mind ability and cognitive ability both … provides support for the emergence of a sophisticated strategic theory-of-mind. Third, theory-of-mind and age strongly predict …

Persistent link: https://www.econbiz.de/10012322040

Cognitive uncertainty

Enke, Benjamin; Graeber, Thomas Wilhelm - 2019

This paper introduces a formal definition and an experimental measurement of the concept of cognitive uncertainty: people's subjective uncertainty about what the optimal action is. This concept allows us to bring together and partially explain a set of behavioral anomalies identified across four...

Persistent link: https://www.econbiz.de/10012138914

On the psychological foundations of ambiguity and compound risk aversion

Wu, Keyu; Fehr, Ernst; Hofland, Sean; Schonger, Martin - 2024

Ambiguous prospects are ubiquitous in social and economic life, but the psychological foundations of behavior under ambiguity are still not well understood. One of the most robust empirical regularities is the strong correlation between attitudes towards ambiguity and compound risk which...

Persistent link: https://www.econbiz.de/10014544917

On the psychological foundations of ambiguity and compound risk aversion

Wu, Keyu; Fehr, Ernst; Hofland, Sean; Schonger, Martin - 2024

Persistent link: https://www.econbiz.de/10014551421

Econometric explorations on bounded rationality : the case of job changing behavior

Contini, Bruno (contributor); Morini, Matteo (contributor) - 2007

"In this paper we question the hypothesis of full rationality in the context of job changing behavior, via simple econometric explorations on microdata drawn from WHIP (Worker Histories Italian Panel). A rational outcome of the job matching process implies a positive tradeoff between future...

Persistent link: https://www.econbiz.de/10003451840

Increasing returns and all that : a view from trade

Antweiler, Werner; Trefler, Daniel - 2000

Persistent link: https://www.econbiz.de/10001517161

One money, one market : estimating the effect of common currencies on trade

Rose, Andrew - 1999

Persistent link: https://www.econbiz.de/10001436507