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The dynamics of inattention in the (baseball) field
Archsmith, James; Heyes, Anthony; Neidell, Matthew; … - 2021
Recent theoretical and empirical work characterizes attention as a limited resource that decision-makers strategically allocate. There has been less research on the dynamic interdependence of attention: how paying attention now may affect performance later. In this paper, we exploit...
Persistent link: https://www.econbiz.de/10012549756
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A model of overconfidence
Weinberg, Bruce A. - 2009
People use information about their ability to choose tasks. If more challenging tasks provide more accurate information about ability, people who care about and who are risk averse over their perception of their own ability will choose tasks that are not sufficiently challenging. Overestimation...
Persistent link: https://www.econbiz.de/10003872716
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Human capital : linking behavior to rational choice via dual process theory
MacLeod, William Bentley - In: Labour economics : official journal of the European … 41 (2016), pp. 20-31
Persistent link: https://www.econbiz.de/10011703397
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Everyday econometricians : selection neglect and overoptimism when learning from others
Barron, Kai; Huck, Steffen; Jehiel, Philippe - 2019
There are many important decision problems where learning through experimentation is costly or impossible. In these situations, individuals may try to learn from observing the outcomes of others who have made similar decisions. Often, however, information about others comprises a selected...
Persistent link: https://www.econbiz.de/10011982107
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Behavioural welfare analysis and revealed preference : theory and experimental evidence
Caliari, Daniele - 2023
Behavioural welfare economics provides tools to elicit welfare preferences when individuals use nonstandard behavioural models. Current proposals either require assumptions on the models or elicit preferences that become coarser and coarser as the dataset grows. We propose an informational...
Persistent link: https://www.econbiz.de/10014323569
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Policies in hard times : assessing the impact of financial crises on structural reforms
Gokmen, Gunes; Nannicini, Tommaso; Onorato, … - 2020
It is commonly argued that crises open up a window of opportunity to implement policies that otherwise would not have the necessary political backing. The argument goes that the political cost of deep reforms declines as crises unravel structural problems that need to be urgently rectified and...
Persistent link: https://www.econbiz.de/10012164495
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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
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Subjective well-being and public policy
Odermatt, Reto; Stutzer, Alois - 2017
Measures of subjective well-being have gained substantial attention in economics as quantitative approximations of individual welfare. They allow researchers to study relevant determinants of welfare on an individual as well as on a societal level. These determinants might not to be easily...
Persistent link: https://www.econbiz.de/10011743539
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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
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Random categorization and bounded rationality
Aguiar, Victor H. - In: Economics letters 159 (2017), pp. 46-52
Persistent link: https://www.econbiz.de/10011902886