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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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Genetic ability, wealth, and financial decision-making
Barth, Daniel; Papageorge, Nicholas W.; Thom, Kevin - 2017
Recent advances in behavioral genetics have enabled the discovery of genetic scores linked to a variety of economic outcomes, including education. We build on this progress to demonstrate that the same genetic variants that predict educational attainment independently predict household wealth in...
Persistent link: https://www.econbiz.de/10011613150
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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
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Passive choices and cognitive spillovers
Altmann, Steffen; Grunewald, Andreas; Radbruch, Jonas - 2019
policies that encourage active decision-making. In an experiment designed to study passive behavior, we document three main …
Persistent link: https://www.econbiz.de/10012006101
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Voting in hiring committees : which "almost" rule is optimal?
Baharad, Eyal; Danziger, Leif - 2018
We determine the scoring rule that is most likely to select a high-ability candidate. A major result is that neither the widely used plurality rule nor the inverse-plurality rule are ever optimal, and that the Borda rule is hardly ever optimal. Furthermore, we show that only the...
Persistent link: https://www.econbiz.de/10011795205
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Does decentralization of decisions increase the stability of large groups?
Bjedov, Tjaša; Lapointe, Simon; Madiès, Thierry; … - 2018
individuals have the option to separate, according to the degree of decentralization of decision-making. We show that increasing …
Persistent link: https://www.econbiz.de/10011803271
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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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Choices which change life satisfaction : revising SWB theory to account for change
Headey, Bruce; Muffels, Ruud J. A.; Wagner, Gert G. - 2010
on life satisfaction. The results have negative implications for the still dominant theory of SWB, set-point theory. This … theory holds that adult SWB does not change in the medium or long term, although temporary fluctuations occur due to specific … life events. Set-point theory has come under increasing criticism in recent years, primarily due to unmistakable evidence …
Persistent link: https://www.econbiz.de/10003966917
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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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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