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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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Cognitive abilities and behavioral biases
Oechssler, Jörg; Roider, Andreas; Schmitz, Patrick W. - 2008
We use a simple, three-item test for cognitive abilities to investigate whether established behavioral biases that play a prominent role in behavioral economics and finance are related to cognitive abilities. We find that higher test scores on the Cognitive Reflection Test of Frederick (2005)...
Persistent link: https://www.econbiz.de/10010269260
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Rationalizable Suicides: Evidence from Changes in Inmates' Expected Length of Sentence
Campaniello, Nadia; Diasakos, Theodoros; Mastrobuoni, … - Institute for the Study of Labor (IZA) - 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/10010884093
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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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Rational Students and Resit Exams
Kooreman, Peter - Institute for the Study of Labor (IZA) - 2012
Resit exams – extra opportunities to do an exam in the same academic year – are widely prevalent in European higher education, but uncommon in the US. I present a simple theoretical model to compare rational student behavior in the case of only one exam opportunity versus the case of two...
Persistent link: https://www.econbiz.de/10010670825
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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 - Institute for the Study of Labor (IZA) - 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/10011268877
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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
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Rational students and resit exams
Kooreman, Peter - 2012
Resit exams - extra opportunities to do an exam in the same academic year - are widely prevalent in European higher education, but uncommon in the US. I present a simple theoretical model to compare rational student behavior in the case of only one exam opportunity versus the case of two exam...
Persistent link: https://www.econbiz.de/10010289897
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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