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A model of overconfidence
Weinberg, Bruce A. - 2009
People use information about their ability to choose tasks. If more challenging tasks provide more accurate information about ability, people who care about and who are risk averse over their perception of their own ability will choose tasks that are not sufficiently challenging. Overestimation...
Persistent link: https://www.econbiz.de/10010269111
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Extrinsic rewards and intrinsic motives: Standard and behavioral approaches to agency and labor markets
Rebitzer, James B.; Taylor, Lowell J. - 2010
Employers structure pay and employment relationships to mitigate agency problems. A large literature in economics documents how the resolution of these problems shapes personnel policies and labor markets. For the most part, the study of agency in employment relationships relies on highly...
Persistent link: https://www.econbiz.de/10010272684
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Are income and consumption taxes ever really equivalent? evidence from a real-effort experiment with real goods
Blumkin, Tomer; Ruffle, Bradley J.; Ganun, Yosef - 2010
The public finance literature demonstrates the equivalence between consumption and laborincome (wage) taxes. We introduce an experimental paradigm in which individuals make real labor-leisure choices and spend their earned income on real goods. We use this paradigm to test whether a labor-income...
Persistent link: https://www.econbiz.de/10010274549
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Integrating personality psychology into economics
Heckman, James J. - 2011
This paper reviews the problems and potential benefits of integrating personality psychology into economics. Economists have much to learn from and contribute to personality psychology.
Persistent link: https://www.econbiz.de/10010280682
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Certainty and severity of sanctions in classical and behavioral models of deterrence: A survey
Entorf, Horst - 2012
This survey summarizes the classical fundamentals of modern deterrence theory, covers major theoretical and empirical findings on the impact of certainty and severity of punishment (and the interplay thereof) as well as underlying methodological problems, gives an overview of limitations and...
Persistent link: https://www.econbiz.de/10010282501
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The Relationship between Cognitive Ability and Risk Preferences in a Developing Nation: Findings from the Field
Moghaddasi Kelishomi, Ali; Sgroi, Daniel - 2022
to the generalized axiom of revealed preference (a proxy for rationality) increases. Our results are taken from a field …
Persistent link: https://www.econbiz.de/10013351805
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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/10014296550
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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/10010398292
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How Falsifiable is the Collective Model? A New Test with an Application to Monogamous and Bigamous Households in Burkina Faso
Dauphin, Anyck; Fortin, Bernard; Lacroix, Guy - 2015
Collective rationality is seldom if ever rejected in the literature, raising doubt about its falsifiability. We show …, collective rationality within monogamous households is not rejected. Using our proposed test procedure, collective rationality is … however rejected for monogamous households. Furthermore, our test also rejects collective rationality for bigamous households …
Persistent link: https://www.econbiz.de/10010531702
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Teams make you smarter: Learning and knowledge transfer in auctions and markets by teams and individuals
Maciejovsky, Boris; Sutter, Matthias; Budescu, David V.; … - 2010
We study the impact of team decision making on market behavior and its consequences for subsequent individual performance in the Wason selection task, the single-most studied reasoning task. We reformulated the task in terms of assets in a market context. Teams of traders learn the task's...
Persistent link: https://www.econbiz.de/10010285427