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Overconfidence is a social signaling bias

Burks, Stephen V.; Carpenter, Jeffrey P.; Goette, Lorenz; … - 2010

Evidence from psychology and economics indicates that many individuals overestimate their ability, both absolutely and relatively. We test three different theories about observed relative overconfidence. The first theory notes that simple statistical comparisons (for example, whether the...

Persistent link: https://www.econbiz.de/10010269888

Comparing charitable fundraising schemes: Evidence from a natural field experiment and a structural model

Huck, Steffen; Rasul, Imran; Shephard, Andrew - 2013

We present evidence from a natural field experiment and structural model designed to shed light on the efficacy of …-gift matching schemes. We develop and estimate a structural model that simultaneously estimates individual responses on the … individual donations. We conclude by providing evidence from a follow-up natural field experiment designed to probe further the …

Persistent link: https://www.econbiz.de/10010321899

Everyone Likes to Be Liked: Experimental Evidence from Matching Markets

Opitz, Timm; Schwaiger, Christoph - 2023

Matching markets can be unstable when individuals prefer to be matched to a partner who also wants to be matched with … them. Through a pre-registered and theory-guided laboratory experiment, we provide evidence that such reciprocal … preferences exist, significantly decrease stability in matching markets, and are driven both by belief-based and preference …

Persistent link: https://www.econbiz.de/10014467870

Nonparametric analysis of household labor supply: goodness-of-fit and power of the unitary and the collective model

Cherchye, Laurens; Vermeulen, Frederic - 2006

We compare the empirical performance of unitary and collective labor supply models, using representative data from the Dutch DNB Household Survey. We conduct a nonparametric analysis that avoids the distortive impact of an erroneously specified functional form for the preferences and/or the...

Persistent link: https://www.econbiz.de/10010267486

Opening the black box of intra-household decision-making: theory and non-parametric empirical tests of general collective consumption models

Cherchye, Laurens; De Rock, Bram; Vermeulen, Frederic - 2005

We non-parametrically test a general collective consumption model with public consumption and externalities inside the household. We further propose a novel approach to model special cases of the general collective model. These special cases include alternative restrictions on the 'sharing rule'...

Persistent link: https://www.econbiz.de/10010267601

The revealed preference approach to collective consumption behavior: testing, recovery and welfare analysis

Cherchye, Laurens; De Rock, Bram; Vermeulen, Frederic - 2007

We extend the nonparametric 'revealed preference' methodology for analyzing collective consumption behavior (with consumption externalities and public consumption), to render it useful for empirical applications that deal with welfare-related questions. First, we provide a nonparametric...

Persistent link: https://www.econbiz.de/10010268456

An Afriat theorem for the collective model of household consumption

Cherchye, Laurens; De Rock, Bram; Vermeulen, Frederic - 2008

We provide a nonparametric 'revealed preference' characterization of rational household behavior in terms of the collective consumption model, while accounting for general (possibly non-convex) individual preferences. We establish a Collective Axiom of Revealed Preference (CARP), which provides...

Persistent link: https://www.econbiz.de/10010269151

Revealed preferences, choices, and psychological indexes

Soraperra, Ivan - 2009

This paper develops a model of choice that embeds some psychological aspects affecting decision maker's behaviour. In the model, the decision maker attaches an unobservable psychological index -representing, e.g., the level of perceived availability or the level of salience- to each alternative...

Persistent link: https://www.econbiz.de/10010280751

Sharing rule identification for general collective consumption models

Cherchye, Laurens; De Rock, Bram; Lewbel, Arthur; … - 2012

We propose a method to identify bounds (i.e. set identification) on the sharing rule for a general collective household consumption model. Unlike the effects of distribution factors, it is well known that the level of the sharing rule cannot be uniquely identified without strong assumptions on...

Persistent link: https://www.econbiz.de/10010282606

Stated market preferences of dairy producers in the presence of a dairy cooperative: Insights from an exploratory visit to the rural-urban interface of Bengaluru, India

Mehta, Yashree - 2024

An exploratory visit to the rural-urban interface of Bengaluru city revealed that dairy producers with larger herd size and potentially stable income preferred to sell to the cooperative whereas those producers with minuscule herd size (upto two cattle) stated a preference to sell to urban...

Persistent link: https://www.econbiz.de/10015166799