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The paper shows that self-control, time preferences, and values are malleable in adults, and that investments in these skills and preferences reduce crime and violence. The authors recruited criminally-engaged Liberian men and randomized half to eight weeks of group cognitive behavioral therapy,...
Persistent link: https://www.econbiz.de/10012571155
Although the concept of randomized assignment to control for extraneous factors reaches back hundreds of years, the first empirical use appears to have been in an 1835 trial of homeopathic medicine. Throughout the 19th century, there was primarily a growing awareness of the need for careful...
Persistent link: https://www.econbiz.de/10012570289
Laboratory experiments were conducted to investigate how private and public information affect the selection of an innovation and the timing of adoption. The results shed light on the behavioral anomaly called the “energy-efficiency gap” in which consumers and firms delay adoption of...
Persistent link: https://www.econbiz.de/10012570602