Showing 1 - 10 of 2,350
Recent theoretical and empirical work characterizes attention as a limited resource that decision-makers strategically … performance later. In this paper, we exploit high-frequency data on decision-making by Major League Baseball umpires to examine …
Persistent link: https://www.econbiz.de/10012549756
This paper deals with one of the main empirical problems associated with the rational addiction theory, namely that its …
Persistent link: https://www.econbiz.de/10012160910
cities. We dwell into concepts of bounded rationality to describe the cognitive biases and heuristics affecting decision … literature to urban theory, we can better understand how individuals make their decisions about moving to and living in cities …. We thereby offer an understanding of urbanisation and migration processes departing from economic rationality assumptions …
Persistent link: https://www.econbiz.de/10011641466
Persistent link: https://www.econbiz.de/10002071958
from two studies and three distinct decision tasks, we present data on over 1100 participants documenting the confirmation …
Persistent link: https://www.econbiz.de/10013286207
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
Persistent link: https://www.econbiz.de/10002181992
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
average total student effort. -- frequency of examinations ; education production function ; rationality …
Persistent link: https://www.econbiz.de/10009620949
is as great as when training is absent. -- asset market experiment ; price bubbles ; common knowledge of rationality …
Persistent link: https://www.econbiz.de/10009631461