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Internal and external validity of experimental risk and time preferences

Belzil, Christian; Sidibé, Modibo - 2016

Using a unique field experiment from Canada, we estimate individual preference over risk and time and show considerable heterogeneity in both dimensions and relatively stable distributions across our various specifications, which include hyperbolic, quasi-hyperbolic discounting as well as...

Persistent link: https://www.econbiz.de/10011617393

Comparative measures of naiveté

Ahn, David S.; Sarver, Todd - 2015

, absolute naiveté implies that beliefs are a convex combination of virtuous and temptation utility, while comparative naiveté … implies that the more naive individual's beliefs puts more weight than a more sophisticated individual on her virtuous utility …

Persistent link: https://www.econbiz.de/10011458041

Compensated discount functions : an experiment on the influence of expected income on time preferences

Ambrus, Attila; Tinna Laufey Ásgeirsdóttir; Noor, Jawwad - 2014

correction possible. We conducted the experiments in Iceland, where our prompt access to income tax records enabled us to … for some of the present-bias observed in experiments.The Supplement for this paper is available at the following URL: http …

Persistent link: https://www.econbiz.de/10010403760

Behavioral characterizations of naiveté for time-inconsistent preferences

Ahn, David S.; Iijima, Ryota; Le Yaouanq, Yves; Sarver, Todd - 2016

We propose nonparametric definitions of absolute and comparative naiveté. These definitions leverage ex-ante choice of menu to identify predictions of future behavior and ex-post (random) choices from menus to identify actual behavior. The main advantage of our definitions is their independence...

Persistent link: https://www.econbiz.de/10011617399

Can individuals beliefs help us understand nonadherence to malaria test results? : evidence from rural Kenya

Maffioli, Elisa; O'Meara, Wendy Prudhomme; Turner, Elizabeth - 2017

positive, we study the relationship between beliefs on malaria status (prior and posterior the intervention), and the decisions … to get tested and to purchase ACT. We find that prior beliefs do not explain the decision of getting tested (conditional … posterior beliefs than those who do not, consistent with a framework in which the formers revise beliefs upward, while the …

Persistent link: https://www.econbiz.de/10011688201

College attrition and the dynamics of information revelation

Arcidiacono, Peter; Aucejo, Esteban; Maurel, Arnaud; … - 2016

This paper investigates the role played by informational frictions in college and the workplace. We estimate a dynamic structural model of schooling and work decisions, where individuals have imperfect information about their schooling ability and labor market productivity. We take into account...

Persistent link: https://www.econbiz.de/10011524292

Rational inattention in the frequency domain

Jurado, Kyle - 2020

This paper solves the canonical dynamic rational inattention problem of Sims (2003) by formulating it in the frequency domain. The solution complements and extends existing results, which have been derived in the time domain. The paper provides a simple algorithm that quickly and accurately...

Persistent link: https://www.econbiz.de/10012606993

Optimal foresight

Chahrour, Ryan; Jurado, Kyle - 2020

Agents have foresight when they receive information about a random process above and beyond the information contained in its current and past history. In this paper, we propose an information-theoretic measure of the quantity of foresight in an information structure, and show how to separate...

Persistent link: https://www.econbiz.de/10012606997