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The determinants of study abroad participation: a bivariate probability model with sample selection
Di Pietro, Giorgio - 2021
This study examines factors predicting participation in study abroad programs using a bivariate probit selection model where the probabilities of attending university and studying abroad are jointly estimated. Given that unobserved variables influencing these two sequential events are likely to...
Persistent link: https://www.econbiz.de/10012583510
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Gambling habits and probability judgements in a Bayesian task environment
Dickinson, David L.; Reid, Parker - 2023
-gamblers). Our data failed to support our main hypotheses that experienced online gamblers would be more accurate Bayesian decision … comparisons between these types of participants also failed to show any difference in decision weights placed on the two …-reported gambling frequency was stronger for females. Decision modeling found a decreased weight placed on new evidence (over base rate …
Persistent link: https://www.econbiz.de/10014311967
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Navigating ambiguity : imprecise probabilities and the updating of disease risk beliefs
Kerwin, Jason; Pandey, Divya - 2023
Probabilistic risk beliefs are key drivers of economic and health decisions, but people are not always certain about their beliefs. We study these "imprecise probabilities", also known as ambiguous beliefs. We show that imprecision is measurable separately from the levels of risk beliefs. People...
Persistent link: https://www.econbiz.de/10014390526
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Evaluating alternative representations of the choice sets in models of labour supply
Aaberge, Rolf (contributor); Colombino, Ugo (contributor);  … - 2006
During the last two decades, the discrete-choice modelling of labour supply decisions has become increasingly popular, starting with Aaberge et al. (1995) and van Soest (1995). Within the literature adopting this approach there are however two potentially important issues that are worthwhile...
Persistent link: https://www.econbiz.de/10003283433
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Incentives and the allocation of effort over time : the joint role of affective and cognitive decision making
Goette, Lorenz (contributor); Huffman, David (contributor) - 2006
We use natural experiments plausibly exogenous, anticipated increases in the piece rate to study how effort responds to incentives. Our first finding, like some previous studies, lends little support to the view that incentives increase effort: raising the piece rate has zero effect on total...
Persistent link: https://www.econbiz.de/10003489059
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Moody choice
Manzini, Paola; Mariotti, Marco - 2010
If choices depend on the decision maker's mood, is the attempt to derive any consistency in choice doomed? In this …
Persistent link: https://www.econbiz.de/10003976547
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Independent individual decision-makers in household models and the new home economics
Grossbard-Shechtman, Shoshana - 2010
individual models presented in his theory of marriage. Decision-making models assuming independent individual household members …Much of the recent literature in household economics has been critical of unitary models of household decision … discusses another alternative: independent individual models of decision-making that don't make any specific assumptions of …
Persistent link: https://www.econbiz.de/10008810537
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Economic consequences of mispredicting utility
Frey, Bruno S.; Stutzer, Alois - 2013
In a simple conceptual framework, we organize a multitude of phenomena related to the (mis)prediction of utility. Consequences in terms of distorted choices and lower wellbeing emerge if people have to trade-off between alternatives that are characterized by attributes satisfying extrinsic...
Persistent link: https://www.econbiz.de/10009753717
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Bargaining over babies : theory, evidence, and policy implications
Doepke, Matthias; Kindermann, Fabian - 2016
It takes a woman and a man to make a baby. This fact suggests that for a birth to take place, the parents should first agree on wanting a child. Using newly available data on fertility preferences and outcomes, we show that indeed, babies are likely to arrive only if both parents desire one, and...
Persistent link: https://www.econbiz.de/10011454419
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Intrahousehold decision making and fertility
Doepke, Matthias; Kindermann, Fabian - 2014
The economic theory of fertility choice builds predominantly on the unitary model of the household, in which there is a …
Persistent link: https://www.econbiz.de/10010458481