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Dalton, Patricio; Ghosal, Sayantan - Department of Economics, University of Warwick - 2010

What are the normative implications of behavioral economics? We study a model where the decisions a person makes, consciously or unconsciously, affect her psychological state (reference point, beliefs, expectations, self-image) which, in turn, impacts on her ranking over available decisions in...

Persistent link: https://www.econbiz.de/10010758421

Non-existence of competitive equilibria with dynamically inconsistent preferences

Gabrieli, Tommaso; Ghosal, Sayantan - In: Economic Theory 52 (2013) 1, pp. 299-313

This paper shows the robust non-existence of competitive equilibria even in a simple three period representative agent …

Persistent link: https://www.econbiz.de/10010634232

Behavioural Decisions and Welfare

Dalton, Patricio; Ghosal, Sayantan - Department of Economics, University of Warwick - 2008

analysis. We provide an existence result for the case of incomplete preferences. We suggest novel implications for policy and …

Persistent link: https://www.econbiz.de/10005583059

Non-Existence of Competitive Equilibria with Dynamically Inconsistent Preferences

Gabrieli, Tommaso; Ghosal, Sayantan - Department of Economics, University of Warwick - 2009

This paper shows the robust non existence of competitive equilibria even in a simple three period representative agent …

Persistent link: https://www.econbiz.de/10005747051