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Bénabou, Roland; Tirole, Jean - 2021

This paper studies the interactions between an individual's self esteem and his social environment in the workplace, at school, and in personal relationships. Because a person generally has only imperfect knowledge of his own abilities, people who derive benefits from his performance (parent,...

Persistent link: https://www.econbiz.de/10013237549

Rational Inattention and Sequential Information Sampling

Hébert, Benjamin - 2017

alternative rational inattention theory better conform with evidence from perceptual discrimination experiments …

Persistent link: https://www.econbiz.de/10012948078

Social Identity and Preferences

Benjamin, Daniel J. - 2009

Social identities prescribe behaviors for people. We identify the marginal behavioral effect of these norms on discount rates and risk aversion by measuring how laboratory subjects' choices change when an aspect of social identity is made salient. When we make ethnic identity salient to...

Persistent link: https://www.econbiz.de/10012767030

The Importance of Psychology in Economic Activity : Evidence from Terrorist Attacks

Ahern, Kenneth R. - 2018

Terrorist attacks influence economic growth and individual psychology. However, identifying the direct effect of terrorism on economics and psychology is difficult because institutions also change in response to terrorist attacks. This paper controls for institutional responses to terrorist...

Persistent link: https://www.econbiz.de/10012927023

Inattentive Producers

Reis, Ricardo - 2021

I present and solve the problem of a producer who faces costs of acquiring, absorbing, and processing information. I establish a series of theoretical results describing the producer's behavior. First, I find the conditions under which she prefers to set a plan for the price she charges, or...

Persistent link: https://www.econbiz.de/10013232759

Managing Self-Confidence : Theory and Experimental Evidence

Mobius, Markus - 2011

Evidence from social psychology suggests that agents process information about their own ability in a biased manner. This evidence has motivated exciting research in behavioral economics, but has also garnered critics who point out that it is potentially consistent with standard Bayesian...

Persistent link: https://www.econbiz.de/10013125581

Inaccurate Statistical Discrimination : An Identification Problem

Bohren, J. Aislinn - 2019

Discrimination has been widely studied in the social sciences. Economists often categorize the source of discrimination as either taste-based or statistical—a valuable distinction for policy design and welfare analysis. In this paper, we highlight that in many situations economic agents may...

Persistent link: https://www.econbiz.de/10012868737

Information Costs and Sequential Information Sampling

Hébert, Benjamin - 2018

We propose a new approach to modeling the cost of information structures in rational inattention problems, the "neighborhood-based" cost functions. These cost functions have two properties that we view as desirable: they summarize the results of a sequential evidence accumulation problem, and...

Persistent link: https://www.econbiz.de/10012907127

Economic Analysis of Social Interactions

Manski, Charles F. - 2021

rigor of modern economic analysis. Major theoretical developments in game theory, the economics of the family, and … endogenous growth theory have taken place. Economists have also performed new empirical research on social interactions, but the … empirical literature does not show progress comparable to that achieved in economic theory. This paper examines why and …

Persistent link: https://www.econbiz.de/10013239146

Behavioral Law and Economics

Jolls, Christine M. - 2010

traditional economic assumption of unbounded rationality …

Persistent link: https://www.econbiz.de/10012760408