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The influence of behavioral biases on aggregate outcomes like prices and allocations depends in part on self-selection: whether rational people opt more strongly into aggregate interactions than biased individuals. We conduct a series of betting market, auction and committee experiments using 15...
Persistent link: https://www.econbiz.de/10013334479
Achievement gaps may reflect the cognitive impairment thought to occur in evaluative settings (e.g., classrooms) where a stereotyped identity is salient (i.e., stereotype threat). This study presents an economic model of stereotype threat that reconciles prior evidence on how student effort and...
Persistent link: https://www.econbiz.de/10012463942
Terrorist attacks influence economic growth and individual psychology. However, identifying the direct effect of terrorism on economics and psychology is difficult because institutions also change in response to terrorist attacks. This paper controls for institutional responses to terrorist...
Persistent link: https://www.econbiz.de/10012453383
questions. We overcome typical data limitations in a large-scale field experiment on vaccination (N = 5,324) with a unique … individually-targeted incentives, though all boost vaccinations. There are no unintended consequences on future vaccination or … heterogeneities based on vaccination attitudes and incentivized economic preferences. Further, administrative data on relatives shows …
Persistent link: https://www.econbiz.de/10015072841
, such as extrapolative demand and experience effects; facts about beliefs, such as overreaction in beliefs and the … relationship between beliefs and stock market allocations; and facts about asset prices, such as excess volatility. More broadly …
Persistent link: https://www.econbiz.de/10014247999
that best explains the data, given their prior beliefs. An implication is that interpretations evolve within a network. For … many network structures, social learning mutes reactions to data: the exchange of models leaves beliefs closer to priors …
Persistent link: https://www.econbiz.de/10013462690
Why do low-income individuals often oppose redistribution? We hypothesize that an aversion to being in "last place" undercuts support for redistribution, with low-income individuals punishing those slightly below themselves to keep someone "beneath" them. In laboratory experiments, we find...
Persistent link: https://www.econbiz.de/10012461423
sample of 656 undergraduate students, tracking the evolution of their beliefs about their own relative performance on an IQ …
Persistent link: https://www.econbiz.de/10012461644
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
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