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highlights the indelible mark of the exodus of Homo sapiens from Africa tens of thousands of years ago on the degree of …This essay explores the deepest roots of comparative economic development. It underscores the significance of … evolutionary processes since the Neolithic Revolution in shaping a society's endowment of fundamental traits, such as …
Persistent link: https://www.econbiz.de/10012299790
vibrant literature, highlighting the roles played by the Neolithic Revolution and the prehistoric "out of Africa" migration of … literature and examines the contribution of a recent hypothesis regarding the evolutionary origins of comparative economic …The importance of evolutionary forces for comparative economic performance across societies has been the focus of a …
Persistent link: https://www.econbiz.de/10011610901
ethnic group. It advances the hypothesis and establishes empirically that the evolution of loss aversion in the course of …This research explores the origins of loss aversion and the variation in its prevalence across regions, nations and … human history can be traced to the adaptation of individuals to the asymmetric effects of climatic shocks on reproductive …
Persistent link: https://www.econbiz.de/10011800629
identify the mix of behavioral features driving our choice data. We find that these features distort choices when exchanging … cash either for time or for goods. Our model estimates suggest that valuing the time of the self-employed at 60% of the … taken away from work or leisure as a result of policy. Using rich choice data collected from farming households in western …
Persistent link: https://www.econbiz.de/10012815796
aversion in a representative sample of the U.S. population (N = 2;000). DOSE elicitations are more accurate, more stable across … time, and faster to administer than standard methods. We find that around 50% of the U.S. population is loss tolerant. This … is counter to earlier findings, which mostly come from lab/student samples, that a strong majority of participants are …
Persistent link: https://www.econbiz.de/10011906333
A group of decision makers simultaneously make contributions towards a green fund that reduces the future probability … of a climate catastrophe. We derive the theoretical predictions of the effects on contributions arising from 'behavioral … parameters' such as loss aversion and present-bias; 'structural factors' such as variation in the timing of uncertainty; the …
Persistent link: https://www.econbiz.de/10014391321
This research explores the economic causes and consequences of language structures. It advances the hypothesis and … agricultural investment, larger gender gap in agricultural productivity, and more hierarchical society, are at the root of existing … cross-language variations in the presence of the future tense, grammatical gender, and politeness distinctions. Moreover …
Persistent link: https://www.econbiz.de/10011557658
paper provides a theory of why the "latitude gradient" seemingly changed sign in the course of the last half millennium. In … particular, we develop a dynamic model of economic and physiological development in which households decide upon the number and … economic development during pre-industrial times, yet allow for an early onset of sustained growth. As a result, the theory …
Persistent link: https://www.econbiz.de/10011774936
The importance of the prehistoric migration of anatomically modern humans from Africa for comparative economic … development has been the focus of a vibrant research agenda in the past decade. This influential literature has attracted the … other disciplines, and establishes that they are based on fundamental misunderstandings of the statistical methodology, the …
Persistent link: https://www.econbiz.de/10011956347
We examine the investment decision problem of a group whose members have heterogeneous time preferences. In particular …, they have different discount factors for utility, possibly not exponential. We characterize the properties of efficient … allocations of resources and of shadow prices that would decentralize such allocations. We show in particular that the term …
Persistent link: https://www.econbiz.de/10011507695