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We analyze a dynamic model in which players compete in each period in an all-pay competition to have their ideal action implemented. The winning policy at each competition is implemented for that period, but only if it is ranked higher than the status quo, according to some exogenous order. We...
Persistent link: https://www.econbiz.de/10009439524
We propose a model of religious organizations which relies on the ability of such organi-zations and personal utility shocks. We show how religious organizations arise endogenously and characterize their features. Specifically, we find that members of the religious organization share similar...
Persistent link: https://www.econbiz.de/10010272470
We model an individual who wants to learn about a state of the world. The individual has a prior belief, and has data which consists of multiple forecasts about the state of the world. Our key assumption is that the decision maker identifies explanations that could have generated this data and...
Persistent link: https://www.econbiz.de/10013189052
We model an individual who wants to learn about a state of the world. The individual has a prior belief and has data that consist of multiple forecasts about the state of the world. Our key assumption is that the decision maker identifies explanations that could have generated this data and...
Persistent link: https://www.econbiz.de/10012637447
Persistent link: https://www.econbiz.de/10003473326
We propose a model of religious organizations which relies on the ability of such organi-zations and personal utility shocks. We show how religious organizations arise endogenously and characterize their features. Specifically, we find that members of the religious organization share similar...
Persistent link: https://www.econbiz.de/10008729434
Persistent link: https://www.econbiz.de/10009526114
Persistent link: https://www.econbiz.de/10011282788
Persistent link: https://www.econbiz.de/10011326145
Persistent link: https://www.econbiz.de/10010195604