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Undocumented Worker Employment and Firm Survival

Brown, J. David - 2009

. Firms are found to engage in herding behavior, being more likely to employ undocumented workers if competitors do. Rivals … marginal revenue product. The herding behavior and competitive effects are found to be much weaker in geographically broad …

Persistent link: https://www.econbiz.de/10012765295

Herding, Warfare, and a Culture of Honor : Global Evidence

Cao, Yiming; Enke, Benjamin; Falk, Armin; Giuliano, Paola; … - 2021

According to the widely known 'culture of honor' hypothesis from social psychology, traditional herding practices are …, and large-scale surveys. The data show systematic links between traditional herding practices and a culture of honor …. First, the culture of pre-industrial societies that relied on animal herding emphasizes violence, punishment, and revenge …

Persistent link: https://www.econbiz.de/10013324565

Do We Follow Others When We Should? A Simple Test of Rational Expectations

Weizsacker, Georg - 2021

The paper presents a new meta data set covering 13 experiments on the social learning games by Bikhchandani, Hirshleifer, and Welch (1992). The large amount of data makes it possible to estimate the empirically optimal action for a large variety of decision situations and ask about the economic...

Persistent link: https://www.econbiz.de/10013325050

Mind the Gap : Crowd-Funding and the Role of Seed Money

Deutsch, Joseph - 2015

We analyze voluntary private contributions to public goods and the role seed money plays in signaling the public good's quality to potential subsequent contributors. We present a theoretical model and analyze two sets of naturally occurring data from crowd-funding platforms. After developing the...

Persistent link: https://www.econbiz.de/10013024898

Crowdfunding, Cascades and Informed Investors

Parker, Simon C. - 2014

Do higher proportions of (a) informed investors and (b) high-quality projects increase the number of good projects that are ultimately financed via crowdfunding? A simple model and simulation reveals the answers to both questions to be: 'not necessarily'

Persistent link: https://www.econbiz.de/10013057901

Identification and Decompositions in Probit and Logit Models

Choe, Chung - 2017

Probit and logit models typically require a normalization on the error variance for model identification. This paper shows that in the context of sample mean probability decompositions, error variance normalizations preclude estimation of the effects of group differences in the latent variable...

Persistent link: https://www.econbiz.de/10012963841

Media and Occupational Choice

Konon, Alexander - 2017

We address the question of whether media influences occupational choices. To theoretically examine media effects, we construct a dynamic Bayesian occupational choice model with sequential decisions under ambiguity due to imperfect information. We show that sufficiently intensive positive media...

Persistent link: https://www.econbiz.de/10012947126

Bayesian Versus Heuristic-Based Choice Under Sleep Restriction and Suboptimal Times of Day

Dickinson, David L. - 2017

This paper examines the impact of a commonly experienced adverse cognitive state on decision making under uncertainty. Specifically, we administer an at-home sleep restriction protocol combined with random assignment to the time-of-day for decision making. Thus, we induce sleepiness in our...

Persistent link: https://www.econbiz.de/10012947720

Motivational Goal Bracketing : An Experiment

Koch, Alexander K. - 2017

We study in an online, real-effort experiment how the bracketing of non-binding goals affects performance in a work-leisure self-control problem. We externally induce the goal bracket – daily goals or a weekly goal – and within that bracket let subjects set goals for how much they want to...

Persistent link: https://www.econbiz.de/10012948623

Safe Options Induce Gender Differences in Risk Attitudes

Crosetto, Paolo - 2017

Gender differences in risk attitudes are frequently observed, although recent literature has shown that they are context dependent rather than ubiquitous. In this paper we try to rationalize the heterogeneity of results investigating experimentally whether the presence of a safe option among the...

Persistent link: https://www.econbiz.de/10012955024