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Asian Disease-type of Framing of Outcomes as an Historical Curiosity

Jullien, Dorian - Groupe de REcherche en Droit, Économie, Gestion … - 2013

This paper discusses the ways by which a certain type of behavioral deviation from expected utility theory has been handled by psychologists and economists. With respect to the historical background of decision theory in economics, it is argued that there are good reasons for more theoretical...

Persistent link: https://www.econbiz.de/10010860430

Behind and beyond a shared definition of ecological rationality: A functional view of heuristics

Mousavi, Shabnam; Kheirandish, Reza - In: Journal of Business Research 67 (2014) 8, pp. 1780-1785

-and-frugal heuristics as the appropriate scientific method for exploring real-world rationality. Drawing a connection between forms of … content of the situation in which a choice is made. Studying the ecological rationality of heuristics, markets, and … of ecological rationality recognizes the importance of specifying these and other characteristics of the environment as a …

Persistent link: https://www.econbiz.de/10010869808

Modeling reproductive decisions with simple heuristics

Todd, Peter; Hills, Thomas; Hendrickson, Andrew - In: Demographic Research 29 (2013) 24, pp. 641-662

Persistent link: https://www.econbiz.de/10010711745

Implications of behavioural economics for financial literacy and public policy

Altman, Morris - In: Journal of Behavioral and Experimental Economics … 41 (2012) 5, pp. 677-690

individual choice behaviour is recommended. The evidence suggests that the bounded rationality approach to behavioural economics …

Persistent link: https://www.econbiz.de/10010693381

Demand for Self Control: A model of Consumer Response to Programs and Products that Moderate Consumption

Berg, Nathan; Kim, Jeong-Yoo - Volkswirtschaftliche Fakultät, … - 2010

Is it better to apply effort to increase personal consumption, or control what one wants? The model presented here provides a characterization of demand for self control, namely, its responsiveness to price and risk. Unlike most other models of self control, the model does not identify self...

Persistent link: https://www.econbiz.de/10008693565

Behavioral Labor Economics

Berg, Nathan - Volkswirtschaftliche Fakultät, … - 2006

Behavioral economics has in recent decades emerged as a prominent set of methodological developments that have attracted considerable attention both within and outside the economics profession. The time is therefore auspicious to assess behavioral contributions to particular subfields of...

Persistent link: https://www.econbiz.de/10008694144

Experiments to generate new data about school choice

Berg, Nathan - Volkswirtschaftliche Fakultät, … - 2009

Behavioral/experimental economics is poised to enter a new phase in its relatively brief intellectual history, moving beyond empirical tests of standard behavioral assumptions in the social sciences to the problem of designing improved institutions that are tuned to fit real-world behavior. For...

Persistent link: https://www.econbiz.de/10008694149

Illusive competition in school reform: Comment on Merrifield's "Imagined evidence and false imperatives"

Berg, Nathan - Volkswirtschaftliche Fakultät, … - 2009

Merrifield (2009) provides a useful polemic about the sad state of data analysis too frequently encountered in the school choice literature. The available data come mostly from limited policy experiments with only modest amounts of choice and competition. These data are then misapplied in...

Persistent link: https://www.econbiz.de/10008694160

Dynamic correlation: A tool hedging house-price risk?

Berg, Nathan; Gu, Anthony Y.; Lien, Donald - Volkswirtschaftliche Fakultät, … - 2007

Dynamic correlation models demonstrate that the relationship between interest rates and housing prices is non-constant. Estimates reveal statistically significant time fluctuations in correlations between housing price indexes and Treasury bonds, the S&P 500 Index, and stock prices of...

Persistent link: https://www.econbiz.de/10008694163

Introduction: Behavioral economics, business decision making and applied policy analysis

Berg, Nathan - Volkswirtschaftliche Fakultät, … - 2007

standard of perfect economic rationality, behavioural theory provides a new rationale for paternalistic intervention aiming to … normative framework based on axiomatic rationality in favor of empirical studies of behavior that is successful by a well … rationality. Rather than achieving a unified consensus, there clearly are multiple approaches with different priorities for …

Persistent link: https://www.econbiz.de/10008756504

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