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Cognitive Biases : Mistakes or Missing Stakes?
Enke, Benjamin; Gneezy, Uri; Hall, Brian J.; Martin, … - 2022
reliance on intuitions. In none of the tasks are very high stakes sufficient to de-bias participants, or come even close to …
Persistent link: https://www.econbiz.de/10014239199
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Lost in Transit : Product Replacement Bias and Pricing to Market
Nakamura, Emi - 2010
"product replacement bias" and quantify its importance using U.S. microdata on import and export prices. We show that …, accounting for product replacement bias, long-run exchange rate "pass-through" into U.S. import and export price indexes is …
Persistent link: https://www.econbiz.de/10013150912
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Sticking with What (Barely) Worked
Lefgren, Lars - 2011
Outcome bias occurs when an evaluator considers ex-post outcomes when judging whether a choice was correct, ex-ante. We … formalize this cognitive bias in a simple model of distorted Bayesian updating. We then examine strategy changes made by …
Persistent link: https://www.econbiz.de/10013119785
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Cognitive Economics
Kimball, Miles S. - 2015
Welfare Economics. A key theme of Cognitive Economics is finite cognition (often misleadingly called “bounded rationality …
Persistent link: https://www.econbiz.de/10013030618
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Numeracy, Financial Literacy, and Financial Decision-Making
Lusardi, Annamaria - 2012
Financial decisions, be they related to asset building or debt management, require the capacity to do calculations, including some complex ones. But how numerate are individuals, in particular when it comes to calculations related to financial decisions? Studies and surveys implemented in both...
Persistent link: https://www.econbiz.de/10013110939
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Estimating the Value of a Statistical Life : The Importance of Omitted Variables and Publication Bias
Ashenfelter, Orley - 2011
In this paper we show that omitted variables and publication bias lead to severely biased estimates of the value of a …
Persistent link: https://www.econbiz.de/10013132340
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Estimating Dynamic Discrete Choice Models with Hyperbolic Discounting, with an Application to Mammography Decisions
Fang, Hanming - 2010
application of adult women's decisions to undertake mammography to evaluate the importance of present bias and naivety in the … under-utilization of this preventive health care. Our results show evidence for both present bias and naivety …
Persistent link: https://www.econbiz.de/10013137310
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Heaping-Induced Bias in Regression-Discontinuity Designs
Barreca, Alan I. - 2011
direction of the bias varies with bandwidth choice and the location of the data heaps relative to the treatment threshold …
Persistent link: https://www.econbiz.de/10013120302
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A Test of Racial Bias in Capital Sentencing
Alesina, Alberto F. - 2011
We propose a test of bias based upon patterns of judicial errors. We model the trial court as minimizing a weighted sum … of type I and II errors. We define racial bias a situation where the weight depends on defendant/victim race. If the …
Persistent link: https://www.econbiz.de/10013125925
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Fiscal Rules and Discretion Under Persistent Shocks
Halac, Marina - 2012
government has time-inconsistent preferences with a present-bias towards public spending. The government chooses a fiscal rule to …
Persistent link: https://www.econbiz.de/10013097776