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The Subjective Inflation Expectations of Households and Firms: Measurement, Determinants, and Implications
Weber, Michael; D’Acunto, Francesco; Gorodnichenko, Yuriy - 2022
Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...
Persistent link: https://www.econbiz.de/10013351930
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Permanent Instability of Preferences after COVID-19 Crisis: A Natural Experiment from Urban Burkina Faso
Boutin, Delphine; Petifour, Laurene; Megzari, Haris - 2023
The salience of the first Covid-19 crisis over a well-identified period makes it an unexpected and abrupt change in the environment. This study uses the onset of the Covid-19 crisis to empirically examine whether risk and time preferences change in response to this exogenous shock, and whether...
Persistent link: https://www.econbiz.de/10014296819
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Incentive Complexity, Bounded Rationality and Effort Provision
Abeler, Johannes; Huffman, David B.; Raymond, Collin - 2023
Using field and laboratory experiments, we demonstrate that the complexity of incentive schemes and worker bounded rationality can affect effort provision, by shrouding attributes of the incentives. In our setting, complexity leads workers to over-provide effort relative to a fully rational...
Persistent link: https://www.econbiz.de/10014377187
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Beliefs That Entertain
Gandhi, Ashvin; Giuliano, Paola; Guan, Eric; Keefer, Quinn - 2024
Economic research on entertainment is scant despite its large share of time use. We test economic theories of belief-based utility in the context of video-game engagement. Using data on 2.8 million matches from League of Legends, we find evidence supporting reference-dependent preferences, loss...
Persistent link: https://www.econbiz.de/10014534036
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Salience, Risky Choices and Gender
Booth, Alison L.; Nolen, Patrick J. - Institute for the Study of Labor (IZA) - 2012
Risk theories typically assume individuals make risky choices using probability weights that differ from objective probabilities. Recent theories suggest that probability weights vary depending on which portion of a risky environment is made salient. Using experimental data we show that salience...
Persistent link: https://www.econbiz.de/10009653986
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Is There a Risk-Return Trade-Off across Occupations? : Evidence from Spain
Diaz-Serrano, Luis; Hartog, Joop - 2004
We use data from Spain to test for an effect of earnings risk and skewness on individual wages. We carry out separate estimation for men, women, public and private sector employees. In accordance with previous evidence for the US we show the existence of a riskreturn trade-off across occupations...
Persistent link: https://www.econbiz.de/10010262091
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Salience, risky choices and gender
Booth, Alison L.; Nolen, Patrick J. - 2012
Risk theories typically assume individuals make risky choices using probability weights that differ from objective probabilities. Recent theories suggest that probability weights vary depending on which portion of a risky environment is made salient. Using experimental data we show that salience...
Persistent link: https://www.econbiz.de/10010286867
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Is There a Risk-Return Trade-Off across Occupations? Evidence from Spain
Diaz-Serrano, Luis; Hartog, Joop - Institute for the Study of Labor (IZA) - 2004
We use data from Spain to test for an effect of earnings risk and skewness on individual wages. We carry out separate estimation for men, women, public and private sector employees. In accordance with previous evidence for the US we show the existence of a riskreturn trade-off across occupations...
Persistent link: https://www.econbiz.de/10005703756
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The cult of Theoi: Economic uncertainty and religion
Frijters, Paul; Barón, Juan D. - 2010
of religious behaviour towards Theoi in the laboratory. The theory we test is that, when faced with uncertainty …, individuals attempt to engage in a reciprocal contract with the source of uncertainty by sacrificing towards it. In our … uncertainty is lower. The findings imply that under circumstances of high uncertainty people are willing to sacrifice large …
Persistent link: https://www.econbiz.de/10010269858
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The Cult of Theoi: Economic Uncertainty and Religion
Frijters, Paul; Barón, Juan D. - Institute for the Study of Labor (IZA) - 2010
of religious behaviour towards "Theoi" in the laboratory. The theory we test is that, when faced with uncertainty …, individuals attempt to engage in a reciprocal contract with the source of uncertainty by sacrificing towards it. In our … uncertainty is lower. The findings imply that under circumstances of high uncertainty people are willing to sacrifice large …
Persistent link: https://www.econbiz.de/10008560752