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We are all Behavioral, More or Less : A Taxonomy of Consumer Decision Making
Stango, Victor - 2020
We examine how 17 behavioral biases relate to each other, to other decision inputs, and to decision outputs. Most … personality traits--with some expected exceptions. Accounting for this correlation structure, we reduce our 29 decision inputs to … this taxonomy for various approaches to modeling influences of behavioral biases on decision making …
Persistent link: https://www.econbiz.de/10012482357
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Optimism and Economic Choice
Puri, Manju - 2005
This paper presents some of the first large-scale survey evidence linking optimism to major economic choices. We create a novel measure of optimism using the Survey of Consumer Finance by comparing a person's self-reported life expectancy to that implied by statistical tables. Optimists are more...
Persistent link: https://www.econbiz.de/10012467322
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Dominated Choices and Medicare Advantage Enrollment
Afendulis, Christopher - 2014
revisiting prior choices, can lead to decision errors. This paper explores the enrollment decisions of Medicare beneficiaries in …
Persistent link: https://www.econbiz.de/10012458484
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Computerization, Obsolescence, and the Length of Working Life
Hudomiet, Peter; Willis, Robert J. - National Bureau of Economic Research - 2021
This paper analyzes how computerization affected the labor market outcomes of older workers between 1984 and 2017. Using the computerization supplements of the Current Population Survey (CPS) we show that different occupations were computerized at different times, older workers tended to start...
Persistent link: https://www.econbiz.de/10012510579
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Kill Zone
Kamepalli, Sai Krishna - 2020
We study why high-priced acquisitions of entrants by an incumbent do not necessarily stimulate more innovation and entry in an industry (like that of digital platforms) where customers face switching costs and enjoy network externalities. The prospect of an acquisition by the incumbent platform...
Persistent link: https://www.econbiz.de/10012481729
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Digital Rights Management and the Pricing of Digital Products
Park, Yooki - 2005
As it becomes cheaper to copy and share digital content, vendors are turning to technical protections such as encryption. We argue that if protection is nevertheless imperfect, this transition will generally lower the prices of content relative to perfect legal enforcement. However, the effect...
Persistent link: https://www.econbiz.de/10012467145
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Demography, Unemployment, Automation, and Digitalization : Implications for the Creation of (Decent) Jobs, 2010–2030
Bloom, David E. - 2018
Globally, an estimated 734 million jobs will be required between 2010 and 2030 to accommodate recent and ongoing demographic shifts, account for plausible changes in labour force participation rates, and achieve target unemployment rates of at or below 4 percent for adults and at or below 8...
Persistent link: https://www.econbiz.de/10012452886
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Digital Innovation and the Distribution of Income
Guellec, Dominique - 2017
Income inequalities have increased in most OECD countries over the past decades; particularly the income share of the top 1%. In this paper we argue that the growing importance of digital innovation - new products and processes based on software code and data - has increased market rents, which...
Persistent link: https://www.econbiz.de/10012453726
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Antitrust, Regulation, and User Union in the Era of Digital Platforms and Big Data
Cong, Lin William; Mayer, Simon - National Bureau of Economic Research - 2023
We model platform competition with endogenous data generation, collection, and sharing, thereby providing a unifying framework to evaluate data-related regulation and antitrust policies. Data are jointly produced from users' economic activities and platforms' investments in data infrastructure....
Persistent link: https://www.econbiz.de/10013537775
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Productivity and Wages : What Was the Productivity-Wage Link in the Digital Revolution of the Past, and What Might Occur in the AI Revolution of the Future?
Lazear, Edward P.; Shaw, Kathryn; Hayes, Grant E.; … - National Bureau of Economic Research - 2022
Wages have been spreading out across workers over time - or in other words, the 90th/50th wage ratio has risen over time. A key question is, has the productivity distribution also spread out across worker skill levels over time? Using our calculations of productivity by skill level for the U.S.,...
Persistent link: https://www.econbiz.de/10013477226