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Identification in discrete choice models with imperfect information

Gualdani, Cristina; Sinha, Shruti - 2023

We study identification of preferences in static single-agent discrete choice models where decision makers may be imperfectly informed about the state of the world. We leverage the notion of one-player Bayes Correlated Equilibrium by Bergemann and Morris (2016) to provide a tractable...

Persistent link: https://www.econbiz.de/10014309143

Chapter 7 The Formation of Social Preferences: Some Lessons from Psychology and Biology

Lvy-Garboua, Louis; Meidinger, Claude; Rapoport, Benot - In: Handbook of the economics of giving, altruism and …, (pp. 545-613). 2006

The goal of this paper is to draw some lessons for economic theory from research in psychology, social psychology and, more briefly, in biology, which purports to explain the formation of social preferences. We elicit the basic mechanisms whereby a variety of social preferences are determined in...

Persistent link: https://www.econbiz.de/10014023676

Informational smallness and the scope for limiting information rents

Gizatulina, Alia; Hellwig, Martin - 2009

For an incomplete-information model of public-good provision with interim participation constraints, we show that efficient outcomes can be approximated, with approximately full surplus extraction, when there are many agents and each agent is informationally small. The result holds even if...

Persistent link: https://www.econbiz.de/10003877136

Extremism drives out moderation

Klose, Bettina; Kovenock J., Dan - 2012

, we show that substituting the auction contest success function for the lottery contest success function in a conflict may … radicals. Our results demonstrate the importance of the choice of the institutions of conflict, as modeled by the contest …. -- conflict ; all-pay auction ; identity-dependent externalities ; radicalism ; extremism ; contest success function …

Persistent link: https://www.econbiz.de/10009533958

Extremism Drives Out Moderation

Klose, Bettina S. - 2012

Persistent link: https://www.econbiz.de/10013106913

Preference aggregation with incomplete information

Chambers, Christopher P.; Hayashi, Takashi - In: Econometrica : journal of the Econometric Society, an … 82 (2014) 2, pp. 589-599

Persistent link: https://www.econbiz.de/10010404476

Cooperation and signaling with uncertain social preferences

Duffy, John; Muñoz-García, Félix - In: Theory and decision : an international journal for … 78 (2015) 1, pp. 45-75

Persistent link: https://www.econbiz.de/10010513936

The relationship between economic preferences and psychological personality measures

Becker, Anke; Deckers, Thomas; Dohmen, Thomas; Falk, Armin - 2012

Although both economists and psychologists seek to identify determinants of heterogeneity in behavior, they use different concepts to capture them. In this review we first analyze the extent to which economic preferences and psychological concepts of personality - such as the Big Five and locus...

Persistent link: https://www.econbiz.de/10009522305

Optimal fiscal policy with recursive preferences

Karantounias, Anastasios G. - 2013

I study optimal capital and labor income taxation in a business cycle model with the recursive preferences of Epstein and Zin (1989) and Weil (1990). In contrast to the case of time-additive expected utility, I find that it is no longer optimal to make the welfare cost of distortionary taxes...

Persistent link: https://www.econbiz.de/10010126853

Preferences for data privacy : sharing personal information with close and distant peers

Schudy, Simeon; Utikal, Verena - 2014

We provide evidence that people have preferences for data privacy and show that these preferences partly reflect people's interest in controlling who receives their private information. Participants of an experiment face the decision to share validated personal information with peers. We compare...

Persistent link: https://www.econbiz.de/10010350092

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