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Preference Parameters and Behavioral Heterogeneity : An Experimental Approach in the Health and Retirement Survey

Barsky, Robert B. - 1995

reports on direct measures of preference parameters relating to risk tolerance, time preference, and intertemporal … of preference parameters display substantial heterogeneity. The majority of respondents fall into the least risk …-tolerant group, but a substantial minority display higher risk tolerance. The individual measures of intertemporal substitution and …

Persistent link: https://www.econbiz.de/10012473664

An Empirical Assessment of Alternative Models of Risky Decision Making

Baker, Joanna R. - 1988

In this paper, we assess the degree to which four of the most commonly used models of risky decision making can explain the choices individuals make when faced with risky prospects. To make this assessment, we use experimental evidence for two random samples of young adults. Using a robust,...

Persistent link: https://www.econbiz.de/10012476344

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

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

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

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

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

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...

Persistent link: https://www.econbiz.de/10012794585

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

The Architecture of Economic Systems : Hierarchies and Polyarchies

Sah, Raaj Kumar - 1984

This paper presents some new perspectives on the structure and performance of alternative economic organizations. We posit that decision makers make errors of judgement (for example, they sometimes select bad projects while rejecting good projects), and that how these errors are aggregated...

Persistent link: https://www.econbiz.de/10012477760

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