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"The way in which an experiment is conducted is unbelievably Important" : on the experimentation practices of economists and psychologists

Ortmann, Andreas - 2009

To discuss experimental results without discussing how they came about makes sense when the results are robust to the way experiments are conducted. Experimental results, however, are - arguably more often than not - sensitive to numerous design and implementation characteristics such as the use...

Persistent link: https://www.econbiz.de/10003923272

Simply a matter of luck & looks? : predicting elections when both the world economy and the psychology of faces count

Garretsen, Harry; Stoker, Janka I.; Alessie, Rob; … - 2014

Economic research shows that candidates have a higher chance of getting (re-)elected when they have the luck that the world economy does well even though this is beyond their control and unrelated to their competence. Psychological research demonstrates that candidates increase their chances if...

Persistent link: https://www.econbiz.de/10010370176

Mechanical and psychological effects of electoral reform

Fiva, Jon H.; Folke, Olle - 2011

Duverger (1954) noted that changes in electoral systems will have two types of effects: mechanical effects, and reactions of political agents in anticipation of these, which he referred to as psychological effects. It is complicated to empirically separate the two effects since these occur...

Persistent link: https://www.econbiz.de/10009230917

Belief-dependent motivations and psychological game theory

Battigalli, Pierpaolo; Dufwenberg, Martin - 2020

The mathematical framework of psychological game theory is useful for describing many forms of motivation where preferences depend directly on own or others’ beliefs. It allows for incorporating, e.g., emotions, reciprocity, image concerns, and self-esteem in economic analysis. We explain how...

Persistent link: https://www.econbiz.de/10012213185

Optimally imprecise memory and biased forecasts

Silveira, Rava Azeredo da; Sung, Yeji; Woodford, Michael - 2020

We propose a model of optimal decision making subject to a memory constraint. The constraint is a limit on the complexity of memory measured using Shannon's mutual information, as in models of rational inattention; but our theory differs from that of Sims (2003) in not assuming costless memory...

Persistent link: https://www.econbiz.de/10012316965

The epistemic vices of democracies in the age of populism

Bonatti, Luigi - 2023

The subject of this paper is how the epistemic limitations of individuals and their biases in reasoning affect collective decisions and in particular the functioning of democracies. In fact, while the cognitive sciences have largely shown how the imperfections of human rationality shape...

Persistent link: https://www.econbiz.de/10014315089

Managing trade : evidence from China and the US

Bloom, Nicholas; Manova, Kalina; Van Reenen, John; Sun, … - 2018

We present a heterogeneous-firm model in which management ability increases both pro- duction efficiency and product … quality. Combining six micro-datasets on management prac- tices, production and trade in Chinese and American firms, we find … inputs, and imported inputs from more advanced countries. The structural estimates indicate that management is important for …

Persistent link: https://www.econbiz.de/10011864551