Showing 1 - 10 of 10
Psychologists study regret primarily by measuring subjects' attitudes in laboratory experiments. This does not shed light on how expected regret affects economic actions in market settings. To address this, we use proprietary data from a blackjack table in Las Vegas to analyze how expected...
Persistent link: https://www.econbiz.de/10013152738
We characterize trade policies that result from political competition when assessments of well-being include both material and psychosocial components. The material component reflects, as usual, satisfaction from consumption. Borrowing from social identity theory, we take the psychosocial...
Persistent link: https://www.econbiz.de/10012906769
Behavioral constraints may explain part of low demand for preventive health products. We test the effects of two light-touch psychological interventions on water chlorination and related health and economic outcomes using a randomized controlled trial among 3750 women in rural Kenya. One...
Persistent link: https://www.econbiz.de/10012889050
Common intuition and experimental psychology suggest that the ability to self-regulate, willpower, is a depletable …
Persistent link: https://www.econbiz.de/10013218981
worrisome because psychology research shows that baby-faced-looking people often possess qualities opposite to those projected …
Persistent link: https://www.econbiz.de/10013144751
, laboratory work and, indeed, psychology more generally, gives us little guidance as to market outcomes. Economics provides a …
Persistent link: https://www.econbiz.de/10012752691
In traditional models, votes are an expression of preferences and beliefs. Psychological theories of cognitive dissonance suggest, however, that behavior may shape preferences. In this view, the very act of voting may influence political attitudes. A vote for a candidate may lead to more...
Persistent link: https://www.econbiz.de/10014060104
We propose a model of optimal decision making subject to a memory constraint. The constraint is a limit on the complexity of memory measured using Shannon's mutual information, as in models of rational inattention; but our theory differs from that of Sims (2003) in not assuming costless memory...
Persistent link: https://www.econbiz.de/10014090778
We estimate the labor market return to an MBA, a JD, and master’s in engineering, nursing, education, psychology and …
Persistent link: https://www.econbiz.de/10013299173
A number of studies – including our own – find a mid-life dip in well-being. We review a psychology literature that …
Persistent link: https://www.econbiz.de/10013310569