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Persistent link: https://www.econbiz.de/10010142240
Recent research distinguishes an individual's decision utility, inferred from her observed choices, from her experienced utility, which more closely matches the notion of happiness. Using various estimation techniques, we test whether post-choice satisfaction (experienced utility), like decision...
Persistent link: https://www.econbiz.de/10010664639
We examine the game theoretic properties of a model of crime first introduced by Short, Brantingham, and D'Orsogna (Short et al. 2010) as the SBD Adversarial Game. We identify the rationalizable strategies and one-shot equilibria under mul- tiple equilibrium refinements. We further show that...
Persistent link: https://www.econbiz.de/10010959973
Many social and economic networks emerge among actors that only partially observe the network when forming network ties. We ask: what types of network architectures form when actors have limited observation, and does limited observation lead to less efficient structures? We report numerous...
Persistent link: https://www.econbiz.de/10010959979
Why do legal disputes ever go to trial? Prior research emphasizes the role of mistakes, irrationalities, or asymmetric information because rational litigants with complete or symmetric information should choose pre-trial settlements over the costs and risks of trial. Using a dynamic...
Persistent link: https://www.econbiz.de/10010959987
We examine the optimal disruption of dark (covert and illegal) networks. Of central importance is that an interventionist will generally have incomplete information about the dark network's architecture. We derive the optimal disruption strategy in a stylized model of dark network intervention...
Persistent link: https://www.econbiz.de/10010959990
According to existing theory, religion thrives when groups overcome the free-rider problem in the production of religious goods. This paper explains, however, that allowing some free-riding is necessary in a dynamic setting. If an individual only contributes when she has high religious capital,...
Persistent link: https://www.econbiz.de/10004977963
Housing tenure choice has been the subject of a very large literature. Many treatments have sought to estimate the effect of household income on the likelihood of home ownership. To date, no study has ever disaggregated the household income of married couples into the separate labor income...
Persistent link: https://www.econbiz.de/10009292708
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