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Benjamin, Daniel J. - 2009

Social identities prescribe behaviors for people. We identify the marginal behavioral effect of these norms on discount rates and risk aversion by measuring how laboratory subjects' choices change when an aspect of social identity is made salient. When we make ethnic identity salient to...

Persistent link: https://www.econbiz.de/10012767030

Learning and Disagreement in an Uncertain World

Acemoglu, Daron - 2010

Most economic analyses presume that there are limited differences in the prior beliefs of individuals, as assumption most often justified by the argument that sufficient common experiences and observations will eliminate disagreements. We investigate this claim using a simple model of Bayesian...

Persistent link: https://www.econbiz.de/10012760581

Rational Inattention, Competitive Supply, and Psychometrics

Caplin, Andrew; Csaba, Dániel; Leahy, John; Nov, Oded - 2021

We introduce a simple method of recovering attention costs from choice data. Our method rests on a precise analogy with production theory. Costs of attention determine consumer demand and consumer welfare just as a competitive firm's technology determines its supply curve and profits. We...

Persistent link: https://www.econbiz.de/10013225153

Confucianism and Preferences : Evidence from Lab Experiments in Taiwan and China

Liu, Elaine - 2013

This paper investigates how Confucianism affects individual decision making in Taiwan and in China. We found that Chinese subjects in our experiments became less accepting of Confucian values, such that they became significantly more risk loving, less loss averse, and more impatient after being...

Persistent link: https://www.econbiz.de/10013073199

The Behavioralist as Nutritionist : Leveraging Behavioral Economics to Improve Child Food Choice and Consumption

List, John A. - 2014

Childhood obesity has reached epidemic proportions in the U.S., with now almost a third of children ages 2-19 deemed … one aspect of childhood obesity: food choice and consumption. Using a field experiment where we include more than 1 …,500 children, we report several key insights. First, we find that individual incentives can have large influences: in the control …

Persistent link: https://www.econbiz.de/10013053842

Culture and Student Achievement : The Intertwined Roles of Patience and Risk-Taking

Hanushek, Eric A.; Kinne, Lavinia; Lergetporer, Philipp; … - 2022

Patience and risk-taking – two cultural traits that steer intertemporal decision-making – are fundamental to human capital investment decisions. To understand how they contribute to international differences in student achievement, we combine PISA tests with the Global Preference Survey. We...

Persistent link: https://www.econbiz.de/10013306902

Effects of Taxes on Economic Behavior

Feldstein, Martin S. - 2010

This paper discusses how the effects of taxes on economic behavior are important for revenue estimation, for calculating efficiency effects, and for understanding short-term macroeconomoic consequences. The primary focus is on taxes on labor income but some attention is given to taxes on income...

Persistent link: https://www.econbiz.de/10012759600

Psychology and Economics : Evidence from the Field

DellaVigna, Stefano - 2010

The research in Psychology and Economics (a.k.a. Behavioral Economics) suggests that individuals deviate from the standard model in three respects: (i) non-standard preferences; (ii) non-standard beliefs; and (iii) non-standard decision-making. In this paper, I survey the empirical evidence from...

Persistent link: https://www.econbiz.de/10012759819

Behavioral Law and Economics

Jolls, Christine - 2010

traditional economic assumption of unbounded rationality …

Persistent link: https://www.econbiz.de/10012760408

Cognitive Economics

Kimball, Miles S. - 2015

Welfare Economics. A key theme of Cognitive Economics is finite cognition (often misleadingly called “bounded rationality …

Persistent link: https://www.econbiz.de/10013030618

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