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How Do People Learn by Listening to Others? Experimental Evidence from Thailand

Healy, Andrew - EconWPA - 2005

This paper presents experimental evidence about how individuals learn from information that comes from inside versus outside their ethnic group. In the experiment, Thai subjects observed information that came from Americans and other Thais that they could use to help them answer a series of...

Persistent link: https://www.econbiz.de/10005125584

Necessary Conditions for Improving Civic Competence: A Scientific Perspective

Lupia, Arthur - EconWPA - 2005

Many attempts to increase civic competence are based on premises about communication and belief change that are directly contradicted by important insights from microeconomic theory and social psychology. At least two economic literatures are relevant to my effort to improve matters. One is the...

Persistent link: https://www.econbiz.de/10005125964

Disclosure to an Audience with Limited Attention

Hirshleifer, David; LIM, SONYA SEONGYEON; Teoh, Siew Hong - EconWPA - 2004

In our model, informed players decide whether or not to disclose, and observers allocate attention among disclosed signals, and toward reasoning through the implications of a failure to disclose. In equilibrium disclosure is incomplete, and observers are unrealistically optimistic. Nevertheless,...

Persistent link: https://www.econbiz.de/10005407521

Trust among Strangers

Ho, Teck-Hua; Weigelt, Keith - EconWPA - 2005

The trust building process is basic to social science. We investigate it in a laboratory setting using a novel multi-stage trust game where social gains are achieved if players trust each other in each stage. And in each stage, players have an opportunity to appropriate these gains or be...

Persistent link: https://www.econbiz.de/10005407592

Does Format of Pricing Contract Matter?

Ho, Teck-Hua; Zhang, Juanjuan - EconWPA - 2005

The use of linear wholesale price contract has long been recognized as a threat to achieving channel effciency. Many formats of nonlinear pricing contract have been proposed to achieve vertical channel coordination. Examples include two-part tariff and quantity discount. A two-part tariff...

Persistent link: https://www.econbiz.de/10005407889

From Bounded Rationality to Behavioral Economics

Egidi, Massimo - EconWPA - 2005

The paper provides an brief overview of the “state of the art” in the theory of rational decision making since the 1950’s, and focuses specially on the evolutionary justification of rationality. It is claimed that this justification, and more generally the economic methodology inherited...

Persistent link: https://www.econbiz.de/10005408218

Who Do We Tip and Why? An Empirical Investigation

Azar, Ofer H. - EconWPA - 2005

An important question about social norms is whether they are created to increase welfare; I address it by examining the characteristics of tipped and non-tipped occupations. Tipping prevalence is negatively correlated with worker’s income and consumer’s monitoring ability and positively with...

Persistent link: https://www.econbiz.de/10005408287

Learning in Economics: Where Do We Stand?

Slembeck, Tilman - EconWPA - 2000

This paper briefly reviews the current literature on learning in economics from a behavioral point of view. It … critically compares theory with aspects of learning in real-life and with evidence from laboratory experiments, and argues that …. A discussion of several unsolved issues in economic learning stresses the fundamental role of learning conditions that …

Persistent link: https://www.econbiz.de/10005413284

A Behavioral Model of Cyclical Dieting

Suranovic, Steven M.; Goldfarb, Robert S. - EconWPA - 2005

This paper presents a behavioral economics model with bounded rationality to describe an individual¡¯s food consumption choices that lead to weight gain and dieting. Using a physiological relationship determining calories needed to maintain weight, we simulate the food consumption choices of a...

Persistent link: https://www.econbiz.de/10005134600

An Economic Model of Youth Smoking: Tax and Welfare Effects

Suranovic, Steven M. - EconWPA - 2005

This paper presents a model of smoking choice in which rationality is bounded by limitations in intertemporal computational abilities. The model is applied to the youth decision to initiate smoking. Lifetime smoking paths of representative smokers indicate that youths may experience a reduction...

Persistent link: https://www.econbiz.de/10005134613