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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

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

Bounded rationality, monetary policy, and macroeconomic stability

Ilabaca, Francisco; Meggiorini, Greta; Milani, Fabio - In: Economics letters 186 (2020), pp. 1-5

Persistent link: https://www.econbiz.de/10012503740

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

Internal versus external growth in industries with scale economies : a computational model of optimal merger policy

Mermelstein, Ben; Nocke, Volker; Satterthwaite, Mark Allen - 2014

We study optimal merger policy in a dynamic model in which the presence of scale economies implies that firms can reduce costs through either internal investment in build- ing capital or through mergers. The model, which we solve computationally, allows firms to invest or propose mergers...

Persistent link: https://www.econbiz.de/10011490479

Cognitive ability, character skills, and learning to play equilibrium : a level-k analysis

Gill, David; Prowse, Victoria L. - 2014

In this paper we investigate how cognitive ability and character skills influence behavior, success and the evolution of play towards Nash equilibrium in repeated strategic interactions. We study behavior in a p-beauty contest experiment and find striking differences according to cognitive...

Persistent link: https://www.econbiz.de/10010364492

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

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

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

Evolutionary justifications for non-Bayesian beliefs

Zhang, Hanzhe - In: Economics letters 121 (2013) 2, pp. 198-201

Persistent link: https://www.econbiz.de/10010346329