Showing 1 - 10 of 509
We present a structural model of firm growth, learning, and survival and consider its identification and estimation. In the model, entrepreneurs have private and possibly errorridden observations of persistent and transitory shocks to profit. We demonstrate that the model's parameters can be...
Persistent link: https://www.econbiz.de/10010262756
We address the question of whether media influences occupational choices. To theoretically examine media effects, we construct a dynamic Bayesian occupational choice model with sequential decisions under ambiguity due to imperfect information. We show that sufficiently intensive positive media...
Persistent link: https://www.econbiz.de/10011744727
We present a structural model of firm growth, learning, and survival and consider its identification and estimation. In the model, entrepreneurs have private and possibly errorridden observations of persistent and transitory shocks to profit. We demonstrate that the model's parameters can be...
Persistent link: https://www.econbiz.de/10005703362
update their beliefs about the probability of being audited, both before and after audits are definitely withdrawn. We find … that when individuals have initially experienced systematic audits, they decrease both their beliefs and their … irregular, they maintain high beliefs about the probability of being audited and continue cooperating long after audits have …
Persistent link: https://www.econbiz.de/10010333263
Beliefs are a central determinant of behavior. Recent models assume that beliefs about or the anticipation of future …
Persistent link: https://www.econbiz.de/10011559600
A large literature studies subjective beliefs about economic facts using unincentivized survey questions. We devise … beliefs about average earnings by professional degree and average public school spending. Incentive provision does not impact … earnings beliefs, but improves school-spending beliefs. Response patterns suggest that the latter effect likely reflects …
Persistent link: https://www.econbiz.de/10012005918
We examine rational learning among expert chess players and how they update their beliefs in repeated games with the …
Persistent link: https://www.econbiz.de/10010278609
goals, highlighting biased beliefs regarding own preferences as a relevant mechanism in the prediction errors. …
Persistent link: https://www.econbiz.de/10012270188
heterogeneous across the population. Individual beliefs about social norms, economic preferences such as patience and altruism, as …
Persistent link: https://www.econbiz.de/10012658097
We conduct a laboratory experiment to study how locus of control operates through people's preferences and beliefs to … of control and beliefs about the return to effort. We find that internal locus of control is linked to the preference for …
Persistent link: https://www.econbiz.de/10014296805