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Belief updating among college students: Evidence from experimental variation in information

Wiswall, Matthew; Zafar, Basit - 2011

We investigate how college students form and update their beliefs about future earnings using a unique information experiment. We provide college students true information about the population distribution of earnings and observe how this information causes respondents to update their beliefs...

Persistent link: https://www.econbiz.de/10010287138

Human capital investments and expectations about career and family

Wiswall, Matthew; Zafar, Basit - 2016

This paper studies how individuals believe human capital investments will affect their future career and family life. We conducted a survey of high-ability currently enrolled college students and elicited beliefs about how their choice of college major, and whether to complete their degree at...

Persistent link: https://www.econbiz.de/10011796435

A complementary micro Coronavirus model under uncertainty and utility

Gander, James P. - 2020

A micro decision-making utility model under uncertainty is presented as a complementary foundation for macro …

Persistent link: https://www.econbiz.de/10013269247

Navigating Ambiguity: Imprecise Probabilities and the Updating of Disease Risk Beliefs

Kerwin, Jason; Pandey, Divya - 2023

Probabilistic risk beliefs are key drivers of economic and health decisions, but people are not always certain about their beliefs. We study these "imprecise probabilities", also known as ambiguous beliefs. We show that imprecision is measurable separately from the levels of risk beliefs. People...

Persistent link: https://www.econbiz.de/10014469382

Conflict and Uncertainty: A Dynamic Approach

Espinosa, Miguel A.; Prada, Juan D. - UNIVERSIDAD DE LOS ANDES-CEDE - 2010

by making investment in conflict's technology. We use a simple deterministic rule that defines the evolution of the … period the realization of stochastic variables of the nature's states induces uncertainty in the game. The model is a … theoretical approach that can be applied to evaluate the role of uncertainty and valuations' evolution on the optimal choices of …

Persistent link: https://www.econbiz.de/10008522033

Valuing Limited Information in Decision Making Under Uncertainty

Gray, Allan W.; Detre, Joshua D.; Briggeman, Brian C. - Department of Agricultural Economics, Purdue University - 2005

has been relatively stagnant for the last 15 years. Management of FJI is faced with uncertainty surrounding market share …; this choice directly affects the likelihood the investment will return a positive Net Present Value. This case teaches … students how to develop a stochastic simulation models given limited information to analyze risk investment decisions. …

Persistent link: https://www.econbiz.de/10005771593

Centralized Wage Setting, Wage Drift and Stabilization Policies under Trade Unionism

Holmlund, Bertil - 1985

Persistent link: https://www.econbiz.de/10010335092

Multiple uncertainty, forward-futures markets and international trade

Viaene, Jean-Marie; Zilcha, Itzhak - 1995

-futures markets in the presence of cost and output uncertainty. New results on the implications of the framework for the separation …

Persistent link: https://www.econbiz.de/10010398225

The behavioral economics of John Maynard Keynes

Schettkat, Ronald - 2018

After the publication of Keynes' "General Theory," economics was frequently described as schizophrenia: (neo-) classical at the micro-level, but Keynesian at the macro-level. In actuality, Keynes' revolution was, to a substantial part, based on the behavioral micro-foundations of the world we...

Persistent link: https://www.econbiz.de/10012140491

No-arbitrage, overlapping sets of priors and the existence of efficient allocations and equilibria in the presence of risk and ambiguity.

Dana, Rose-Anne; Van, Cuong Le - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2008

some prior. It is shown that the more uncertainty averse and the more risk averse, the more likely are efficient …

Persistent link: https://www.econbiz.de/10005696750