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How General are Time Preferences? Eliciting Good-Specific Discount Rates

Ubfal, Diego - 2012

corresponding demand for commitment can be observed even if individuals do not exhibit horizon-specific discounting. In addition …, good-specific discounting, under certain conditions, can explain the persistence of poverty and low savings by the poor …

Persistent link: https://www.econbiz.de/10013099793

Choosing Monetary Sequences : Theory and Experimental Evidence

Manzini, Paola - 2006

it is quite under-explored in the economics domain. We find that: 1) traditional economic models based on discounting … is allowed; 2) our model, despite considering only a specific (exponential) form of discounting, can explain the data …' around the basic predictions of discounting theories: the deviations are not random and there are clear systematic patterns …

Persistent link: https://www.econbiz.de/10012780545

Criminal Discount Factors and Deterrence

Mastrobuoni, Giovanni - 2016

offender's time discounting. We exploit quasi-experimental variation in sentence length generated by a large collective pardon … in Italy and provide non-parametric evidence on the extent of discounting from the raw data on recidivism and sentence …

Persistent link: https://www.econbiz.de/10012997433

Mind, Body, Bubble! Psychological and Biophysical Dimensions of Behavior in Experimental Asset Markets

Butler, David J. - 2018

Asset market bubbles and crashes are a major source of economic instability and inefficiency. Sometimes ascribed to animal spirits or irrational exuberance, their source remains imperfectly understood. Experimental methods can isolate systematic deviations from an asset's fundamental value in a...

Persistent link: https://www.econbiz.de/10012917090

Learning to Take Risks? The Effect of Education on Risk-Taking in Financial Markets

Black, Sandra E. - 2015

We investigate whether acquiring more education when young has long-term effects on risk-taking behavior in financial markets and whether the effects spill over to spouses and children. There is substantial evidence that more educated people are more likely to invest in the stock market....

Persistent link: https://www.econbiz.de/10013025862

The Future Economics of Artificial Intelligence : Mythical Agents, a Singleton and the Dark Forest

Naudé, Wim - 2022

apparent, and areas where economic theory may benefit from a greater understanding of AI can be identified. Two further …

Persistent link: https://www.econbiz.de/10014241972

Predictability of Asset Returns and the Efficient Market Hypothesis

Pesaran, M. Hashem - 2010

This paper is concerned with empirical and theoretical basis of the Efficient Market Hypothesis (EMH). The paper begins with an overview of the statistical properties of asset returns at different frequencies (daily, weekly and monthly), and considers the evidence on return predictability, risk...

Persistent link: https://www.econbiz.de/10013141228

A Job Ladder Model with Stochastic Employment Opportunities

Bradley, Jake - 2018

We set up a model with on-the-job search in which firms infrequently post vacancies for which workers occasionally apply. The model nests the standard job ladder and stock-flow models as special cases while remaining analytically tractable and easy to estimate from standard panel data sets....

Persistent link: https://www.econbiz.de/10012911194

Searching for Rehabilitation in Nonparametric Regression Models with Exogenous Treatment Assignment

Henderson, Daniel J. - 2012

This paper offers some new directions in the analysis of nonparamertric models with exogenous treatment assignment. The nonparametric approach opens the door to the examination of potentially different distributed outcomes. When combined with cross-validation, it also identifies potentially...

Persistent link: https://www.econbiz.de/10013099687

Stochastic Complementarity

Manzini, Paola - 2018

The Hicksian definition of complementarity and substitutability may not apply in contexts in which agents are not utility maximisers or where price or income variations, whether implicit or explicit, are not available. We look for tools to identify complementarity and substitutability satisfying...

Persistent link: https://www.econbiz.de/10012928499