Similar Search Results

Dasgupta, Indraneel - 2009

predictive content of the traditional theory of competitive supply. A number of key results in the deterministic theory follow as … predictive content of the classical theory of competitive firm behavior from its a priori roots in profit maximization, while … subsuming the traditional theory as a special case. -- Supply aggregation ; stochastic supply function ; stochastic consistency …

Persistent link: https://www.econbiz.de/10003810898

Rational students and resit exams

Kooreman, Peter - 2012

Resit exams - extra opportunities to do an exam in the same academic year - are widely prevalent in European higher education, but uncommon in the US. I present a simple theoretical model to compare rational student behavior in the case of only one exam opportunity versus the case of two exam...

Persistent link: https://www.econbiz.de/10009620949

Criminal victims, victimized criminals, or both? : a deeper look at the victim-offender overlap

Entorf, Horst - 2013

Offenders are more likely than non-offenders to be victims, and victims are more likely than non-victims to be offenders. The overlap between offenders and victims is not well understood in criminology, and in the economics of crime the stylized empirical fact is even widely ignored. The paper...

Persistent link: https://www.econbiz.de/10010201262

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

Identity, dignity and taboos : beliefs as assets

Bénabou, Roland (contributor); Tirole, Jean (contributor) - 2007

We analyze social and economic phenomena involving beliefs which people value and invest in, for affective or functional reasons. Individuals are at times uncertain about their own "deep values" and infer them from their past choices, which then come to define who they areʺ. Identity...

Persistent link: https://www.econbiz.de/10003529738

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

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

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

To see is to believe : common expectations in experimental asset markets

Cheung, Stephen L.; Hedegaard, Morten; Palan, Stefan - 2012

We challenge the recent claim that mispricing in the experimental asset markets introduced by Smith, Suchanek, and Williams (1988) is merely an artefact of confusion over declining fundamental value, and can be eliminated through appropriate training. We instead propose that when training is...

Persistent link: https://www.econbiz.de/10009631461

Rational inattention and migration decisions

Bertoli, Simone; Fernández-Huertas Moraga, Jesús; … - 2020

Acquiring information about destinations can be costly for migrants. We model information frictions in the rational inattention framework and obtain a closed-form expression for a migration gravity equation that we bring to the data. The model predicts that ows from countries with a higher cost...

Persistent link: https://www.econbiz.de/10012194685

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