Showing 1 - 10 of 10
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/10012246160
We propose that individuals consider future versions of themselves to truly be separate persons, not simply as a convenient modeling device but in terms of actual brain systems and decision-making processes. Intertemporal choices are thus quite literally strategic interactions between multiple...
Persistent link: https://www.econbiz.de/10014197556
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/10012956219
This paper introduces the concept of categorizing the amount and speed of a discounting procedure in order to generate well-characterized families of procedures for use in social project evaluation. Exponential discounting isolates the concepts of amount and speed into a single parameter that...
Persistent link: https://www.econbiz.de/10008778715
Field experiments rely heavily on self-reported data, but subjects may misreport behaviors, especially sensitive ones such as crime. If treatment influences survey responses, it biases experimental estimates. We develop a validation technique that uses intensive qualitative work to assess survey...
Persistent link: https://www.econbiz.de/10013017511
Field experiments rely heavily on self-reported data, but subjects may misreport behaviors, especially sensitive ones such as crime. If treatment influences survey responses, it biases experimental estimates. We develop a validation technique that uses intensive qualitative work to assess survey...
Persistent link: https://www.econbiz.de/10014144858
Ellsberg (1961) proposes two alternative frames to elicit individuals' preferences for ambiguity. Through an experiment, we find that Ellsberg's three-color one-urn frame induces very different revealed preferences than the two-color two-urn frame. In both frames, we document ambiguity aversion...
Persistent link: https://www.econbiz.de/10012866206
Although the concept of randomized assignment in order 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...
Persistent link: https://www.econbiz.de/10014129066
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
Field experiments rely heavily on self-reported data, but subjects may misreport behaviors, especially sensitive ones such as crime. If treatment influences survey responses, it biases experimental estimates. We develop a validation technique that uses intensive qualitative work to assess survey...
Persistent link: https://www.econbiz.de/10012457221