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What is the role of structural estimation in behavioral economics? I discuss advantages, and limitations, of the work in Structural Behavioral Economics. I also cover common modeling choices and how to get started. Among the advantages, I argue that structural estimation builds on, and expands,...
Persistent link: https://www.econbiz.de/10012452924
Academic experts frequently recommend policies and treatments. But how well do they anticipate the impact of different treatments? And how do their predictions compare to the predictions of non-experts? We analyze how 208 experts forecast the results of 15 treatments involving monetary and...
Persistent link: https://www.econbiz.de/10012456113
Every year, 90 percent of Americans give money to charities. Is such generosity necessarily welfare enhancing for the giver? We present a theoretical framework that distinguishes two types of motivation: individuals like to give, e.g., due to altruism or warm glow, and individuals would rather...
Persistent link: https://www.econbiz.de/10012463021
Forecasts of experimental results can clarify the interpretation of research results, mitigate publication bias, and improve experimental designs. We collect forecasts of the results of three Registered Reports preliminarily accepted to the Journal of Development Economics, randomly varying four...
Persistent link: https://www.econbiz.de/10012479240
Laboratory experiments find a robust relationship between decision times and perceived values of alternatives. This paper investigates how these findings translate to experts' decision making and information acquisition in the field. In a stylized model of expert choice between two alternatives,...
Persistent link: https://www.econbiz.de/10014544793
Persistent link: https://www.econbiz.de/10011925908
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Can providing information to potential migrants influence their decisions about risky and irregular migration? We conduct an experiment with over 7,000 secondary school students in Guinea, providing information through video testimonials by migrants who settled in Europe and through aggregate...
Persistent link: https://www.econbiz.de/10015173461
Can providing information to potential migrants influence their decisions about risky and irregular migration? We conduct an experiment with over 7,000 secondary school students in Guinea, providing information through video testimonials by migrants who settled in Europe and through aggregate...
Persistent link: https://www.econbiz.de/10015156686
Extensive research has documented the importance of social trust for economic development, yet the origins of trust remain largely unexplored. This paper examines the historical relationship between risk, cooperation and the emergence of social trust. I hypothesize that norms of trust developed...
Persistent link: https://www.econbiz.de/10013146378