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Evolutionary economics and household behavior
Horioka, Charles - 2014
This paper provides an introduction to the field of evolutionary economics with emphasis on the evolutionary theory of … evolutionary theory of household behavior is to improve upon the neoclassical theory of household behavior by replacing the … neoclassical assumption of selfish utility maximization with bounded rationality and satisficing and by incorporating the reaction …
Persistent link: https://www.econbiz.de/10010390070
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Evolutionary economics and household behavior
Horioka, Charles - 2014
This paper provides an introduction to the field of evolutionary economics with emphasis on the evolutionary theory of … evolutionary theory of household behavior is to improve upon the neoclassical theory of household behavior by replacing the … neoclassical assumption of selfish utility maximization with bounded rationality and satisficing and by incorporating the reaction …
Persistent link: https://www.econbiz.de/10010390395
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Anchoring in economics : on Frey and Gallus on the aggregation of behavioural anomalies
Earl, Peter E. - 2014
choice theory as the reference point for judging the quality of real-world decisions. It argues that choice is an activity …
Persistent link: https://www.econbiz.de/10010407517
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Are the Japanese unique? : evidence from household saving and bequest behavior
Horioka, Charles - 2016
In this paper, we attempt to shed light on whether Japanese households are rational or if their behavior is influenced by culture and social norms by examining their saving and bequest behavior. To summarize our main findings, we find that Japan's household saving rate showed great volatility,...
Persistent link: https://www.econbiz.de/10011478422
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Behavioral public choice : a survey
Schnellenbach, Jan; Schubert, Christian - 2014
Public choice theory has originally been motivated by the need to correct the asymmetry, widespread in traditional …
Persistent link: https://www.econbiz.de/10010238281
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Criminal victims, victimized criminals, or both? : a deeper look at the victim-offender overlap
Entorf, Horst - 2013
economics, as well as bounded and ecological rationality are discussed. The paper presents new econometric evidence based on …
Persistent link: https://www.econbiz.de/10010201262
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Behavioral political economy : a survey
Schnellenbach, Jan; Schubert, Christian - 2014
Explaining individual behavior in politics should rely on the same motivational assumptions as explaining behavior in the market: That’s what Political Economy, understood as the application of economics to the study of political processes, is all about. In its standard variant, those who...
Persistent link: https://www.econbiz.de/10010412852
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The dynamics of inattention in the (baseball) field
Archsmith, James; Heyes, Anthony; Neidell, Matthew; … - 2021
Recent theoretical and empirical work characterizes attention as a limited resource that decision-makers strategically allocate. There has been less research on the dynamic interdependence of attention: how paying attention now may affect performance later. In this paper, we exploit...
Persistent link: https://www.econbiz.de/10012549756
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Rational expectations : retrospect and prospect
Lovell, Michael C. (panelist); Lucas, Robert E. (panelist);  … - 2011
Theory of Price Movements" (Econometrica 1961). The panel consists of Michael Lovell, Robert Lucas, Dale Mortensen, Robert …
Persistent link: https://www.econbiz.de/10011603748
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The homo economicus under experimental attack
Schlicht, Ekkehart - 2020
For non-economists, it is often difficult to understand why economists place so much emphasis on the self-interest motive. It is obvious that people act out of a variety of motives - gratitude, anger, social obligation and many, many other motives. There are several reasons why economists still...
Persistent link: https://www.econbiz.de/10012425266