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A Cognitive Foundation for Perceiving Uncertainty
Bohren, J. Aislinn; Hascher, Josh; Imas, Alex; … - National Bureau of Economic Research - 2024
outperforming assets when learning the same information sequentially, and this is reflected in beliefs. The entire 40-percentage … eliminates the effect of the learning environment on choices and beliefs, and can even reverse it …
Persistent link: https://www.econbiz.de/10014486240
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Superiority-Seeking and the Preference for Exclusion
Imas, Alex; Madarász, Kristóf - National Bureau of Economic Research - 2022
We propose that a person's desire to consume an object or possess an attribute increases in how much others want but cannot have it. We term this motive superiority-seeking, and show that it generates preferences for exclusion that help explain a host of market anomalies and make novel...
Persistent link: https://www.econbiz.de/10013361988
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Ends versus Means : Kantians, Utilitarians, and Moral Decisions
Bénabou, Roland; Falk, Armin; Henkel, Luca - National Bureau of Economic Research - 2024
trolley dilemma, four novel games that induce ends-versus-means tradeoffs, and a rule-following task. These six main games are … prosociality is unrelated to how they choose in ends-versus-means tradeoffs …
Persistent link: https://www.econbiz.de/10014468273
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The Benefits and Costs of U.S. Employer COVID-19 Vaccine Mandates
Ferranna, Maddalena; Robinson, Lisa A.; Cadarette, Daniel; … - National Bureau of Economic Research - 2022
In 2021, the Biden Administration issued mandates requiring COVID-19 vaccinations for U.S. federal employees and contractors and for some healthcare and private sector workers. Although these mandates have been subject to legal challenges and some have been halted or delayed, rigorous appraisal...
Persistent link: https://www.econbiz.de/10013361993
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Imagining the Future : Memory, Simulation and Beliefs about Covid
Bordalo, Pedro; Burro, Giovanni; Coffman, Katherine B.; … - National Bureau of Economic Research - 2022
How do people form beliefs about novel risks, with which they have little or no experience? A 2020 US survey of beliefs … beliefs about Covid, for which we find empirical support. These findings cannot be explained by conventional experience … effects, and highlight memory mechanisms shaping which experiences are recalled and how they are used to form beliefs …
Persistent link: https://www.econbiz.de/10013362007
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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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Gender Differences in Response to Competitive Organization? Differences Across Fields from a Product Development Platform Field Experiment
Boudreau, Kevin; Kaushik, Nilam - National Bureau of Economic Research - 2022
Prior research, primarily based on lab experiments, suggests that females might be more averse to competition than males and could be more inclined towards collaboration, instead. Were these findings to generalize to adults across the workforce, there could be profound implications for...
Persistent link: https://www.econbiz.de/10013210090
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The Endowment Effect and Collateralized Loans
Carney, Kevin; Kremer, Michael; Lin, Xinyue; Rao, Gautam - National Bureau of Economic Research - 2022
Collateral requirements play an important role in credit markets. This paper shows that the endowment effect--the phenomenon where owing a good increases one's valuation of it--inhibits demand for loans which use a borrower's existing assets as collateral. Using a field experiment in Kenya, we...
Persistent link: https://www.econbiz.de/10013210101
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The Effects of Mental Health Interventions on Labor Market Outcomes in Low- and Middle-Income Countries
Lund, Crick; Orkin, Kate; Witte, Marc; Walker, John; … - National Bureau of Economic Research - 2024
Mental health conditions are prevalent but rarely treated in low- and middle-income countries (LMICs). Little is known about how these conditions affect economic participation. This paper shows that treating mental health conditions substantially improves recipients' capacity to work in these...
Persistent link: https://www.econbiz.de/10014544702
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How Inflation Expectations De-Anchor : The Role of Selective Memory Cues
Gennaioli, Nicola; Leva, Marta; Schoenle, Raphael; … - National Bureau of Economic Research - 2024
In a model of memory and selective recall, household inflation expectations remain rigid when inflation is anchored but exhibit sharp instability during inflation surges, as similarity prompts retrieval of forgotten high-inflation experiences. Using data from the New York Fed's Survey of...
Persistent link: https://www.econbiz.de/10014576662