Similar Search Results

Variety aversion and information overload : an experimental approach

Kaiser, Karen - 2011

This paper analyzes the effect of information overload on preference or aversion for variety. According to the model, a rational decision maker who suffers from information overload, faces a two-stage decision process, and is choosing from a set of unknown goods will find it optimal at some...

Persistent link: https://www.econbiz.de/10008991845

The rewards of self-discovery : learning and firm exporter dynamics

Cebreros Zurita, Carlos Alfonso - 2016

trade, but their effectiveness crucially depends on the speed of learning. …

Persistent link: https://www.econbiz.de/10011489986

The limits to robust monetary policy in a small open economy with learning agents

André, Marie Charlotte; Dai, Meixing - 2020

We study the impact of adaptive learning for the design of a robust monetary policy using a small open-economy New … with model misspecification. Learning induces an intertemporal trade-off for the central bank, i.e., stabilizing inflation … possibility to conduct robust monetary policy is limited in a small open economy under learning for any exchange rate pass …

Persistent link: https://www.econbiz.de/10012292350

Security of property as a public good : institutions, socio-political environment and experimental behavior in five countries

Campos-Ortiz, Francisco; Putterman, Louis G.; Ahn, T. K.; … - 2012

We study experimentally the protection of property in five widely distinct countries - Austria, Mexico, Mongolia, South Korea and the United States. Our main results are the correlations between experimental choices with indicators regarding the security of property, trust and the quality of...

Persistent link: https://www.econbiz.de/10009634525

Are information disclosure mandates effective? : evidence from the credit card market

Elizondo Flores, Alan; Seira, Enrique - 2014

Consumer protection in financial markets in the form of information disclosure is high on governments agendas, despite the fact that the empirical evidence on its effectiveness is scarce. To measure the impact of Truth-in-Lending-Act-type disclosures on default and indebtedness, as well as of...

Persistent link: https://www.econbiz.de/10010402563

Foster care : a dynamic matching approach

Mac Donald, Diana E. - 2023

This paper studies the two-sided dynamic matching problem that occurs in the US foster care system. In this market, foster parents and foster children can form reversible matches, which may separate, continue in their reversible state, or transition to permanency via adoption. I first present an...

Persistent link: https://www.econbiz.de/10014251032

Optimal robust monetary policy in a small open economy

André, Marine Charlotte; Medina Espidio, Sebastián - 2022

We study an optimal robust monetary policy for a small open economy. The robust control approach assumes that economic agents cannot assign probabilities to a set of plausible models and rather focuses on the worst possible misspecification from a benchmark model. Our findings suggest that,...

Persistent link: https://www.econbiz.de/10013464822

Behavioural anomalies, bounded rationality and simple heuristics

Basov, Suren (contributor); Blanckenberg, Liam (contributor) - 2007

Persistent link: https://www.econbiz.de/10003613041

Limited attention and choice

Kaiser, Karen - 2010

This paper analyzes a boundedly rational decision maker who is uncertain about his preference and faces the following trade-off: adding a good to the choice set has a positive option value but increases the complexity of the choice problem. The increased complexity is modeled as a reduction of...

Persistent link: https://www.econbiz.de/10003962118

Modelling adaptive complex behaviour with an application to the stock market dynamics : (El Farol problem revisited)

Aparicio Acosta, Felipe M. - 1998

Persistent link: https://www.econbiz.de/10001398372