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We estimate the impact of financial sanctions in the U.S. criminal justice system using nine distinct natural experiments across five states. These regression discontinuity designs capture a range of enforcement levels ($17-$6,000) and institutional environments, providing robust causal evidence...
Persistent link: https://www.econbiz.de/10014337814
Economics has long studied how consumers respond to the disclosure of information about firms. We study a case in which the disclosed information is unrelated to the product or firm leadership, but which could still potentially affect consumer patronage through the mechanism of repugnance, as...
Persistent link: https://www.econbiz.de/10014421207
the nature of the task at the second date further shows that learning is unencumbered by a change in environment. Our …
Persistent link: https://www.econbiz.de/10011976128
psychology of learning, and work form social scientists on learning.The paper makes the following claim: typically the law … reaches its addressees indirectly. The law is not followed, it is learned. There are two distinct learning objects. Throughout … take the form of schema-like social mirror rules, or of exemplars.Learning also is the key to understanding how individuals …
Persistent link: https://www.econbiz.de/10011582792
distinguish between these two shocks and, under incomplete learning, private perceptions of the inflation target will not equal …
Persistent link: https://www.econbiz.de/10010298277
learning from experience that also allows for heterogeneity in both private information and updating. Our model vastly …
Persistent link: https://www.econbiz.de/10010287086
dynamics considerably differ between gain and loss domains. For gains, learning to be comparably ambiguity averse increases the …
Persistent link: https://www.econbiz.de/10010364762
The literature on learning in unknown environments emphasises reinforcing on actions which produce positive results …
Persistent link: https://www.econbiz.de/10011517970
feature of the model is that learning operates in both the demand for assets and the supply of credit. Interactions between … propagation. In contrast, the paper shows why learning involving only one side on the market, which has been the focus of most of …
Persistent link: https://www.econbiz.de/10011563199
agents to a different job deletes learning effects about ability, creating fresh impetus for effort. However, job rotation …
Persistent link: https://www.econbiz.de/10010489899