Similar Search Results

Against All Odds : Tentative Steps Toward Efficient Information Sharing in Groups

Schlangenotto, Darius - 2020

When groups face difficult problems, the voice of experts may be lost in the noise of others' contributions. We present results from a 'naturally noisy' setting, a large first-year undergraduate class, in which the 'expert's voice is lost' to such a degree that it is in fact optimal for all...

Persistent link: https://www.econbiz.de/10012826744

One Step at a Time : Does Gradualism Build Coordination?

Ye, Maoliang - 2019

This study investigates a potential mechanism to promote coordination. With theoretical guidance using a belief-based learning model, we conduct a multi-period, binary-choice, and weakest-link laboratory coordination experiment to study the effect of gradualism – increasing the required levels...

Persistent link: https://www.econbiz.de/10012864867

The Distribution of Ambiguity Attitudes

Gaudecker, Hans-Martin von; Wogrolly, Axel; Zimpelmann, … - 2022

This paper analyzes the stability and distribution of ambiguity attitudes using a broad population sample. Using high …-powered incentives, we collected six waves of data on ambiguity attitudes about financial markets – our main application – and climate … change. Estimating a structural stochastic choice model, we obtain three individual-level parameters: Ambiguity aversion …

Persistent link: https://www.econbiz.de/10014236203

Ambiguity and Excuse-Driven Behavior in Charitable Giving

Garcia, Thomas - 2020

individuals use this ambiguity strategically as a moral wiggle room to act less generously without feeling guilty. Such excuse … excuse-driven behavior is comparable under ambiguity and under risk. Individuals exploit any type of uncertainty as an excuse …

Persistent link: https://www.econbiz.de/10012843721

Foundations of the Rank-Dependent Probability Weighting Function

Rablen, Matthew D. - 2019

The psychological basis for rank-dependent probability weighting, and for an inverse-S probability weighting function (PWF) in particular, has often been questioned. I examine the existence and shape of the PWF in a model allowing for optimism/pessimism over probability distributions and for...

Persistent link: https://www.econbiz.de/10012860507

Capital Income Risk and the Dynamics of the Wealth Distribution

Khieu, Hoang - 2018

In this paper, we develop and numerically solve a model of idiosyncratic labour income and idiosyncratic interest rates to predict the evolution of a wealth distribution over time. Stochastic labour income follows a deterministic growth trend and it fluctuates between a wage and unemployment...

Persistent link: https://www.econbiz.de/10012909981

Additive Decompositions with Interaction Effects

Biewen, Martin - 2012

This paper proposes a comprehensive, path-independent decomposition formula of changes into ceteris paribus effects and interaction effects. The formula implies a reassessment of sequential decomposition methods that are widely used in the literature and that are restrictive in how they treat...

Persistent link: https://www.econbiz.de/10013103470

A Goodness-of-Fit Approach to Estimating Equivalence Scales

Biewen, Martin - 2013

We use income satisfaction data in order to estimate equivalence scales. Our method differs from previous attempts to use satisfaction data for this purpose in that it can be used to estimate or evaluate any given parametric equivalence scale. It can also be employed to investigate specific...

Persistent link: https://www.econbiz.de/10013086218

A New Model of Wage Determination and Wage Inequality

Jasso, Guillermina - 2021

This paper proposes a new model of wage determination and wage inequality. In this model, wage-setters set workers' wages; they do so either directly, as when individuals vote in a salary committee, or indirectly, as when political parties, via the myriad of social, economic, fiscal, and other...

Persistent link: https://www.econbiz.de/10013324765

Linking Individuals and Societies

Jasso, Guillermina - 2009

How do individuals shape societies? How do societies shape individuals? This paper develops a framework for studying the connections between micro and macro phenomena. The framework builds on two ingredients widely used in social science − population and variable. Starting with the simplest...

Persistent link: https://www.econbiz.de/10013158050