In this paper, we match data on student performance in a multiple-choice exam with data on student risk preferences that are extracted from a classroom experiment. We find that more-loss-averse students leave more questions unanswered and perform worse in the multiple-choice exam when giving an...

Evidence from studies in international relations, the politics of reform, collective action and price competition suggests that economic agents in social dilemma situations cooperate more to avoid losses than in the pursuit of gains. To test whether the prospect of losses can induce cooperation,...

This paper studies the global variation in economic preferences. For this purpose, we present the Global Preference Survey (GPS), an experimentally validated survey dataset of time preference, risk preference, positive and negative reciprocity, altruism, and trust from 80,000 individuals in 76...

Perceived urgency and regret are common in many sequential search processes; for example, sellers often pressure buyers in search of the best offer, both time-wise and in terms of potential regret of forgoing unique purchasing opportunities. theoretically, these strategies result in anticipated...

Public finance is a vital area of study that helps governments make informed decisions about how to raise and allocate funds to finance their activities, ultimately contributing to the well-being of society. Oil-rich developing and emerging economies present a distinct set of public finance...

We propose to strengthen Popper's notion of falsifiability by adding the requirement that when an observation is inconsistent with a theory, there must be a short proof of this inconsistency. We model the concept of a short proof using tools from computational complexity, and provide some...

This paper argues that mainstream economics does not follow the positivist research tradition it (often implicitly) claims to follow and expresses some serious doubt that econometrics in particular can make economics a hard science. Mathematical rigour and sophisticated statistical techniques...

A multiplicity of equilibria, steady states, cycles, etc., are prominent features of models with complementarities. Multiplicity suggests the instability of an economic system and the sensitive dependence of the equilibrium behavior on the environment. In this lecture, I discuss some...

Son yıllarda iktisat yazınında disiplinler arası çalışmaların sayısı giderek artmaktadır. Bu ilginin altında, doğrusal ve statik modellere dayanan klasik iktisat teorisinin modellerinin, gerçekte kompleks/karmaşık özellik gösteren yapıları çözümlemede yetersiz kalması...