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Trial and Error? Reelection Concerns and Policy Experimentation during the U.S. Welfare Reform
Bernecker, Andreas; Boyer, Pierre C.; Gathmann, Christina - 2015
We study the political economy of policy innovations during the U.S. welfare reform in 1996. Specifically, we investigate how reputation concerns among governors influence the decision to experiment with welfare policies. In line with a political agency model, our empirical results suggest that...
Persistent link: https://www.econbiz.de/10011307323
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Groupthink: Collective delusions in organizations and markets
Bénabou, Roland - 2013
This paper investigates collective denial and willful blindness in groups, organizations and markets. Agents with anticipatory preferences, linked through an interaction structure, choose how to interpret and recall public signals about future prospects. Wishful thinking (denial of bad news) is...
Persistent link: https://www.econbiz.de/10010293122
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Overconfidence is a social signaling bias
Burks, Stephen V.; Carpenter, Jeffrey P.; Goette, Lorenz; … - 2010
relatively. We test three different theories about observed relative overconfidence. The first theory notes that simple … asymmetry produces overconfidence (Kőszegi, 2006; Weinberg, 2006). We test an important specific prediction of these models … might make this belief worse. Our data also reject this prediction. The third theory is that overconfidence is induced by …
Persistent link: https://www.econbiz.de/10010269888
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Self-Perceptions about Academic Achievement: Evidence from Mexico City
Bobba, Matteo; Frisancho, Veronica - 2020
A growing body of evidence suggests that people exhibit large biases when processing information about themselves, but less is known about the underlying inference process. This paper studies belief updating patterns regarding academic ability in a large sample of students transitioning from...
Persistent link: https://www.econbiz.de/10012180138
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Biased Health Perceptions and Risky Health Behaviors: Theory and Evidence
Arni, Patrick; Dragone, Davide; Götte, Lorenz; … - 2020
This paper investigates the role of biased health perceptions as driving forces of risky health behavior. We define absolute and relative health perception biases, illustrate their measurement in surveys and provide evidence on their relevance. Next, we decompose the theoretical effect into its...
Persistent link: https://www.econbiz.de/10012269986
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Motivated Belief Updating and Rationalization of Information
Drobner, Christoph; Goerg, Sebastian J. - 2022
holding positive beliefs. This finding provides a behavioral explanation why and how overconfidence can evolve in the presence …
Persistent link: https://www.econbiz.de/10013470445
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Persistent Overconfidence and Biased Memory: Evidence from Managers
Huffman, David B.; Raymond, Collin; Shvets, Julia - 2023
A long-standing puzzle is how overconfidence can persist in settings characterized by repeated feedback. This paper … studies managers who participate repeatedly in a high-powered tournament incentive system, learning relative performance each …
Persistent link: https://www.econbiz.de/10014377186
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Gender Differences in Job Search and the Earnings Gap: Evidence from Business Majors
Cortes, Patricia; Pan, Jessica; Pilossoph, Laura; … - 2021
To understand gender differences in the job search process, we collect rich information on job offers and acceptances from past and current undergraduates of Boston University's Questrom School of Business. We document two novel empirical facts: (1) there is a clear gender difference in the...
Persistent link: https://www.econbiz.de/10012597519
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Overconfidence is a Social Signaling Bias
Burks, Stephen V.; Carpenter, Jeffrey P.; Goette, Lorenz; … - Institute for the Study of Labor (IZA) - 2010
relatively. We test three different theories about observed relative overconfidence. The first theory notes that simple … asymmetry produces overconfidence (Kőszegi, 2006; Weinberg, 2006). We test an important specific prediction of these models … might make this belief worse. Our data also reject this prediction. The third theory is that overconfidence is induced by …
Persistent link: https://www.econbiz.de/10008529123
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Groupthink: Collective Delusions in Organizations and Markets
Benabou, Roland - Institute for the Study of Labor (IZA) - 2013
This paper investigates collective denial and willful blindness in groups, organizations and markets. Agents with anticipatory preferences, linked through an interaction structure, choose how to interpret and recall public signals about future prospects. Wishful thinking (denial of bad news) is...
Persistent link: https://www.econbiz.de/10010704406