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The Subjective Inflation Expectations of Households and Firms : Measurement, Determinants, and Implications
Weber, Michael; D'Acunto, Francesco; Gorodnichenko, Yuriy; … - National Bureau of Economic Research - 2022
Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...
Persistent link: https://www.econbiz.de/10013210074
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Pervasive Stickiness (Expanded Version)
Mankiw, N. Gregory - 2006
This paper explores a macroeconomic model of the business cycle in which stickiness of information is pervasive. We … start from a familiar benchmark classical model and add to it the assumption that there is sticky information on the part of … stickiness is required to fit the facts. We conclude that models based on stickiness of information offer the promise of fitting …
Persistent link: https://www.econbiz.de/10012466645
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Participation and Investment Decisions in a Retirement Plan : The Influence of Colleagues' Choices
Duflo, Esther - 2000
This paper investigates whether peer effects play an important role in retirement savings decisions. We use individual data from the staff of a university to study whether individual decisions to enroll in a Tax Deferred Account plan sponsored by the university (and the choice of the mutual fund...
Persistent link: https://www.econbiz.de/10012471015
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The Growing Importance of Decision-Making on the Job
Deming, David J. - National Bureau of Economic Research - 2021
Machines increasingly replace people in routine job tasks. The remaining tasks require workers to make open-ended decisions and to have "soft" skills such as problem-solving, critical thinking and adaptability. This paper documents growing demand for decision-making and explores the consequences...
Persistent link: https://www.econbiz.de/10012510612
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A (Dynamic) Investigation of Stereotypes, Belief-Updating, and Behavior
Coffman, Katherine B.; Ugalde Araya, Paola; Zafar, Basit - National Bureau of Economic Research - 2021
Many decisions - such as what educational or career path to pursue - are dynamic in nature, with individuals receiving feedback at one point in time and making decisions later. Using a controlled experiment, with two sessions one week apart, we analyze the dynamic effects of feedback on beliefs...
Persistent link: https://www.econbiz.de/10012660060
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Who Protests, What Do They Protest, and Why?
Chenoweth, Erica; Hamilton, Barton Hughes; Lee, Hedwig; … - National Bureau of Economic Research - 2022
We examine individuals' decisions to attend protests during the summer of 2020. Our analysis examines two simultaneous movements: Black Lives Matter along with protests calling for less stringent public health measures to combat the COVID-19 (e.g., for swifter reopening of businesses). Our...
Persistent link: https://www.econbiz.de/10013191081
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Individual and Collective Information Acquisition : An Experimental Study
Reshidi, Pëllumb; Lizzeri, Alessandro; Yariv, Leeat; … - National Bureau of Economic Research - 2021
Many committees--juries, political task forces, etc.--spend time gathering costly information before reaching a … decision. We report results from lab experiments focused on such information-collection processes. We consider decisions … governed by individuals and groups and compare how voting rules affect outcomes. We also contrast static information collection …
Persistent link: https://www.econbiz.de/10012794585
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Cognitive Uncertainty in Intertemporal Choice
Enke, Benjamin; Graeber, Thomas Wilhelm - National Bureau of Economic Research - 2021
This paper studies the relevance of cognitive uncertainty - subjective uncertainty over one's utility-maximizing action - for understanding and predicting intertemporal choice. The main idea is that when people are cognitively noisy, such as when a decision is complex, they implicitly treat...
Persistent link: https://www.econbiz.de/10012794605
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The Architecture of Economic Systems : Hierarchies and Polyarchies
Sah, Raaj Kumar - 1984
case where the rules for accepting or rejecting projects are rationally determined based on the information available to …
Persistent link: https://www.econbiz.de/10012477760
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A Model of Firms' Decisions to Export or Produce Abroad
Weinblatt, J. - 1980
This paper is a theoretical analysis of the factors influencing production location decisions by a multinational corporation. It starts with a simple model of optimization for a firm facing the choice between exporting and producing abroad a single differentiated final product and then develops...
Persistent link: https://www.econbiz.de/10012478625