People tend to think by analogies and comparisons. Such way of thinking, termed coarse thinking by Mullainathan et al …

People think by analogies and comparisons. Such way of thinking, termed coarse thinking by Mullainathan et al …

question have similar (but not identical) payoffs. The hypothesis of thinking-by-analogy or coarse thinking clearly outperforms …

thinking. The essential idea behind coarse thinking is that agents put situations into categories and then apply the same model …Mullainathan, Schwartzstein, & Shleifer [Quarterly Journal of Economics, May 2008] put forward a model of coarse …

Mullainathan et al [Quarterly Journal of Economics, May 2008] present a model of coarse thinking or analogy based … thinking. The essential idea behind coarse thinking is that people put situations into categories and the values assigned to …

Mullainathan et al [Quarterly Journal of Economics, May 2008] present a formalization of the concept of coarse thinking … in the context of a model of persuasion. The essential idea behind coarse thinking is that people put situations into … is a constant. This finding suggests that the volatility skew (smile) may be a reflection of coarse thinking. That is …

question have similar (but not identical) payoffs. The hypothesis of thinking-by-analogy or coarse thinking clearly outperforms …