Narrow search
Showing 1 - 10 of 2,538
Cover Image
Rationalizing boundedly rational choice : sequential rationalizability and rational shortlist methods
Manzini, Paola (contributor); Mariotti, Marco (contributor) - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10002181992
Cover Image
Rational inattention and employer learning
Habermalz, Steffen - 2010
learning model with the theory of rational inattention introduced by Sims (2006). In the model firms optimally allocate …
Persistent link: https://www.econbiz.de/10009300804
Cover Image
Cognitive ability and paternalism
Saint-Paul, Gilles - 2002
This paper analyses the welfare effects of price restrictions on private contracting in a world where agents have a limited cognitive ability. People compute the costs and benefits of entering a transaction with an error. The government knows the distribution of true costs and benefits as well...
Persistent link: https://www.econbiz.de/10011414080
Cover Image
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
Cover Image
Two-stage boundedly rational choice procedures : theory and experimental evidence
Manzini, Paola (contributor); Mariotti, Marco (contributor) - 2006
We study and test a class of boundedly rational models of decision making which rely on sequential eliminative heuristics. We formalize two sequential decision procedures, both inspired by plausible models popular among several psychologists and marketing scientists. However we follow a standard...
Persistent link: https://www.econbiz.de/10003474120
Cover Image
Testing bounded rationality against full rationality in 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 behaviour, via simple … forces of job change are future real wages and expected job quality. Bounded rationality suggests that individuals will … and between cells. Under full rationality the following are to be expected: high inter-cell mobility, large dispersion …
Persistent link: https://www.econbiz.de/10003578901
Cover Image
Surprising selection effects in the UK car insurance market
Cannon, Edmund S.; Cipriani, Giam Pietro; Bazar-Rosen, Katia - 2014
is much less sophisticated than that characterised by modern microeconomic theory. …
Persistent link: https://www.econbiz.de/10010355706
Cover Image
Incentive complexity, bounded rationality and effort provision
Abeler, Johannes; Huffman, David; Raymond, Collin - 2023
rationality can affect effort provision, by shrouding attributes of the incentives. In our setting, complexity leads workers to …
Persistent link: https://www.econbiz.de/10014311541
Cover Image
Rationalizable suicides : evidence from changes in inmates' expected length of sentence
Campaniello, Nadia; Diasakos, Theodoros; Mastrobuoni, … - 2014
Is there a rational component in the decision to commit suicide? Economists have been trying to shed light on this question by studying whether suicide rates are related to contemporaneous conditions. This paper goes one step further: we test whether suicides are linked to forward-looking...
Persistent link: https://www.econbiz.de/10010386011
Cover Image
A field study of donor behaviour in the Iranian kidney market
Moghaddasi Kelishomi, Ali; Sgroi, Daniel - 2022
display no difference in rationality from population averages and there is evidence of altruism among participants. We provide …
Persistent link: https://www.econbiz.de/10013471373