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Cognitive Economics
Kimball, Miles S. - 2015
Cognitive Economics is the economics of what is in people's minds. It is a vibrant area of research (much of it within … Behavioral Economics, Labor Economics and the Economics of Education) that brings into play novel types of data—especially novel … 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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The Importance of Trust for Investment : Evidence from Venture Capital
bottazzi, laura - 2014
We examine the effect of trust on financial investment and contracting decisions in a micro-economic environment where trust is exogenous. Using hand-collected data on European venture capital, we show that the Eurobarometer measure of trust among nations significantly affects investment...
Persistent link: https://www.econbiz.de/10013068297
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Understanding Peer Effects in Financial Decisions : Evidence from a Field Experiment
Bursztyn, Leonardo - 2012
Using a high-stakes field experiment conducted with a financial brokerage, we implement a novel design to separately identify two channels of social influence in financial decisions, both widely studied theoretically. When someone purchases an asset, his peers may also want to purchase it, both...
Persistent link: https://www.econbiz.de/10013103518
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Confucianism and Preferences : Evidence from Lab Experiments in Taiwan and China
Liu, Elaine - 2013
This paper investigates how Confucianism affects individual decision making in Taiwan and in China. We found that …
Persistent link: https://www.econbiz.de/10013073199
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Non-Choice Evaluations Predict Behavioral Responses to Changes in Economic Conditions
Bernheim, B. Douglas - 2013
observable exogenous causes. We explore an alternative approach that generates predictions based on relationships across decision …
Persistent link: https://www.econbiz.de/10013078308
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Dominated Choices and Medicare Advantage Enrollment
Afendulis, Chris - 2014
Research in behavioral economics suggests that certain circumstances, such as large numbers of complex options or … revisiting prior choices, can lead to decision errors. This paper explores the enrollment decisions of Medicare beneficiaries in …
Persistent link: https://www.econbiz.de/10013053150
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Aiding Decision-Making to Reduce the Impacts of Climate Change
Kunreuther, Howard - 2014
Utilizing theory and empirical insights from psychology and behavioral economics, this paper examines individuals …. We explore various strategies that take into account the simplified decision-making processes used by individuals and …
Persistent link: https://www.econbiz.de/10013061114
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The Moral Preferences of Investors : Experimental Evidence
Bonnefon, Jean-Francois; Landier, Augustin; Sastry, … - 2023
We characterize investors’ moral preferences in a parsimonious experimental setting, where we auction stocks with various ethical features. We find strong evidence that investors seek to align their investments with their social values (“value alignment”), and find no evidence of behavior...
Persistent link: https://www.econbiz.de/10014347086
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Depression Babies : Do Macroeconomic Experiences Affect Risk-Taking?
Malmendier, Ulrike - 2010
We investigate whether individuals' experiences of macro-economic outcomes have long-term effects on their risk attitudes, as often suggested for the generation that experienced the Great Depression. Using data from the Survey of Consumer Finances from 1964-2004, we find that individuals who...
Persistent link: https://www.econbiz.de/10012757672
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Fully Closed : Individual Responses to Realized Gains and Losses
Meyer, Steffen - 2019
considerations, but consistent with mental accounting and the idea that individuals treat realized losses differently than paper …
Persistent link: https://www.econbiz.de/10012893127