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Institutions and Behavior : Experimental Evidence on the Effects of Democracy
Dal Bó, Pedro - 2008
A novel experiment is used to show that the effect of a policy on the level of cooperation is greater when it is chosen democratically by the subjects than when it is exogenously imposed. In contrast to the previous literature, our experimental design allows us to control for selection effects...
Persistent link: https://www.econbiz.de/10012464648
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Decision-Making under the Gambler's Fallacy : Evidence from Asylum Judges, Loan Officers, and Baseball Umpires
Chen, Daniel - 2016
We find consistent evidence of negative autocorrelation in decision-making that is unrelated to the merits of the cases considered in three separate high-stakes field settings: refugee asylum court decisions, loan application reviews, and major league baseball umpire pitch calls. The evidence is...
Persistent link: https://www.econbiz.de/10012026883
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How People Use Statistics
Bordalo, Pedro; Conlon, John; Gennaioli, Nicola; Kwon, … - National Bureau of Economic Research - 2023
We document two new facts about the distributions of answers in famous statistical problems: they are i) multi-modal and ii) unstable with respect to irrelevant changes in the problem. We offer a model in which, when solving a problem, people represent each hypothesis by attending "bottom up" to...
Persistent link: https://www.econbiz.de/10014337863
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Risky Behavior Among Youths : An Economic Analysis
Gruber, Jonathan - 2000
There are a host of potentially risky behaviors in which youth engage, which have important implications for both their well being as youth and their life prospects. The past decade has seen dramatic shifts in the intensity with which youths pursue these risky activities: for example, youth...
Persistent link: https://www.econbiz.de/10012470969
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Self-Confidence and Social Interactions
Benabou, Roland - 2000
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/10012471184
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Economic Analysis of Social Interactions
Manski, Charles F. - 2000
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/10012471189
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Applying Behavioral Economics to the Challenge of Reducing Cocaine Abuse
Higgins, Stephen T. - 1998
reinforcement and consumer-demand theory might be translated into effective strategies for reducing cocaine use. A broad range of …
Persistent link: https://www.econbiz.de/10012472318
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The Behavioral Economics of Smoking
Bickel, Warren K. - 1998
Evidence that economic principles may be employed to predict the rates at which cigarettes are consumed is presented from several laboratory experiments. In these experiments, cigarette-deprived smokers were required to make a effortful response to earn cigarette puffs. Changing the number of...
Persistent link: https://www.econbiz.de/10012472361
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Employment as a Drug Abuse Treatment Intervention : A Behavioral Economic Analysis
Silverman, Kenneth - 1998
Epidemiological data and experimental research in the fields of operant conditioning and behavioral economics suggest that employment may be useful in the treatment of drug abuse. The conditions under which employment should decrease drug use depends on a range of environmental contextual...
Persistent link: https://www.econbiz.de/10012472406
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Human Behavior and the Efficiency of the Financial System
Shiller, Robert J. - 1998
which come primarily from psychology, sociology and anthropology. The behavioral principles discussed are: prospect theory …
Persistent link: https://www.econbiz.de/10012472443