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Applying Insights from Behavioral Economics to Policy Design

Madrian, Brigitte C. - 2014

The premise of this article is that an understanding of psychology and other social science disciplines can inform the effectiveness of the economic tools traditionally deployed in carrying out the functions of government, which include remedying market failures, redistributing income, and...

Persistent link: https://www.econbiz.de/10013050285

A Model of Addiction and Social Interactions

Reif, Julian - 2018

Many consumer behaviors are both addictive and social. Understanding how these two phenomena interact informs basic models of human behavior, and matters for policymakers when the behavior is regulated. I develop a new model of demand that incorporates both addiction and social interactions and...

Persistent link: https://www.econbiz.de/10012914267

Signaling, Shame, and Silence in Social Learning

Chandrasekhar, Arun G. - 2018

We examine how a social stigma of seeking information can inhibit learning. Consider a Seeker of uncertain ability who can learn about a task from an Advisor. If higher-ability Seekers need information less, then a Seeker concerned about reputation may refrain from asking to avoid signaling low...

Persistent link: https://www.econbiz.de/10012909127

Happiness at Different Ages : The Social Context Matters

Helliwell, John F. - 2018

This paper uses a variety of individual-level survey data from several countries to test for interactions between subjective well-being at different ages and variables measuring the nature and quality of the social context at work, at home, and in the community. While earlier studies have found...

Persistent link: https://www.econbiz.de/10012909906

The Demand for Social Interaction

Saffer, Henry - 2021

social interaction can also be explained in the model. The theory is tested with data from the General Social Survey (GSS …

Persistent link: https://www.econbiz.de/10013222989

Crime and Social Interactions

Glaeser, Edward L.; Sacerdote, Bruce; Scheinkman, José … - 2021

The high degree of variance of crime rates across space (and across time) is one of the oldest puzzles in the social sciences (see Quetelet (1835)). Our empirical work strongly suggests that this variance is not the result of observed or unobserved geographic attributes. This paper presents a...

Persistent link: https://www.econbiz.de/10013236807

Self-Confidence and Social Interactions

Bénabou, Roland; Tirole, Jean - 2021

This paper studies the interactions between an individual's self esteem and his social environment in the workplace, at school, and in personal relationships. Because a person generally has only imperfect knowledge of his own abilities, people who derive benefits from his performance (parent,...

Persistent link: https://www.econbiz.de/10013237549

Economic Analysis of Social Interactions

Manski, Charles F. - 2021

rigor of modern economic analysis. Major theoretical developments in game theory, the economics of the family, and … endogenous growth theory have taken place. Economists have also performed new empirical research on social interactions, but the … empirical literature does not show progress comparable to that achieved in economic theory. This paper examines why and …

Persistent link: https://www.econbiz.de/10013239146

An Empirical Model for Strategic Network Formation

Christakis, Nicholas A. - 2010

We develop and analyze a tractable empirical model for strategic network formation that can be estimated with data from a single network at a single point in time. We model the network formation as a sequential process where in each period a single randomly selected pair of agents has the...

Persistent link: https://www.econbiz.de/10013142932

A Dynamic Model of Demand for Houses and Neighborhoods

Bayer, Patrick J. - 2011

This paper develops a dynamic model of neighborhood choice along with a computationally light multi-step estimator. The proposed empirical framework captures observed and unobserved preference heterogeneity across households and locations in a flexible way. The model is estimated using a newly...

Persistent link: https://www.econbiz.de/10013122024