Showing 1 - 10 of 994
We examine the role of social learning in the adoption of a new and effective therapy for malaria. In our model … misdiagnosis of malaria -- which is common in resource-poor settings -- can slow the learning process and stifle adoption. Using … time. Finally, we simulate pairing the introduction of the new therapy with a new diagnostic test for malaria. The results …
Persistent link: https://www.econbiz.de/10014209942
account that investors' information about fundamentals driving rare downward jumps in the dividend process is not perfect …. Bayesian learning implies that beliefs about the likelihood of rare disasters drop to a much more pessimistic level once a … disaster has occurred. Such a shift in beliefs can trigger massive declines in price-dividend ratios. Pessimistic beliefs …
Persistent link: https://www.econbiz.de/10010387528
-serving behavior by political parties, but rather stems from their differing beliefs about the consequences of their actions. … different beliefs about how policy choices will map into future economic outcomes. We show that when the incumbent party can …
Persistent link: https://www.econbiz.de/10010366185
Using belief elicitation, the paper investigates the formation and the evolution of beliefs in a signalling game in … which a common prior on Sender's type is not induced. Beliefs are elicited about the type of the Sender and about the … strategies of the players. The experimental subjects often start with diffuse uniform beliefs and update them in view of …
Persistent link: https://www.econbiz.de/10009535526
, information about others comprises a selected dataset, as outcomes are observed conditional on specific choices having been made …
Persistent link: https://www.econbiz.de/10011982107
' successes. In our model, both the agent's information and his beliefs are multi-dimensional, allowing us to study interactions …. First, a person is most likely to have negative opinions about other groups he competes with. Second, while information … about another group's achievements does not lower a person's prejudice, information about economic or social forces …
Persistent link: https://www.econbiz.de/10014578270
matching or information revealed by others' behaviours, or to endogenous effects generated by bargaining within marriage. A …
Persistent link: https://www.econbiz.de/10010272016
matching or information revealed by others' behaviours, or to endogenous effects generated by bargaining within marriage. A …
Persistent link: https://www.econbiz.de/10003039640
matching or information revealed by others' behaviours, or to endogenous effects generated by bargaining within marriage. A …
Persistent link: https://www.econbiz.de/10013318363
model to quantify the welfare impact of different information disclosure rules. We find that buyer surplus is reduced, and … seller surplus is increased on average if time-on-market information is disclosed. However, disclosing home …-viewing information in addition to time-on-market information affects individual homes differently. We find that due to the disclosure of …
Persistent link: https://www.econbiz.de/10013221437