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This paper analyzes individual decisions to participate in an activity and the aggregation of those decisions when individuals gather information about the outcomes and choices of (a few) others in their social network. In this environment, aggregate participation rates are generally...
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A choice-theoretic model of household decision-making with respect to care-giving time allocations and the use of …
Persistent link: https://www.econbiz.de/10013233013
underlying level of physician skill or knowledge cannot be observed, differences among physicians in terms of these attributes …
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In this paper, we assess the degree to which four of the most commonly used models of risky decision making can explain … enough to approximate Kahnenman and Tversky's prospect theory and that for certain parametric values will yield the expected … explain the decision-making behavior of the majority of our subjects. Surprisingly, we find that the choice behavior of the …
Persistent link: https://www.econbiz.de/10013135363
This paper provides a unified framework for interpreting a wide range of interactions models which have appeared in the economics literature. A formalization taken from the statistical mechanics literature is shown to encompass a number of socioeconomic phenomena ranging from out of wedlock...
Persistent link: https://www.econbiz.de/10013218553
technological information. FDI is an alternate, potentially equally important channel for the mediation of such knowledge spillovers …. I introduce a framework for measuring international knowledge spillovers at the firm level, and I use this framework to … directly test the hypothesis that FDI is a channel of knowledge spillovers for Japanese multinationals undertaking direct …
Persistent link: https://www.econbiz.de/10013226164
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