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Berg, Nathan - Volkswirtschaftliche Fakultät, … - 2006

Behavioral economics has in recent decades emerged as a prominent set of methodological developments that have attracted considerable attention both within and outside the economics profession. The time is therefore auspicious to assess behavioral contributions to particular subfields of...

Persistent link: https://www.econbiz.de/10008694144

Illusive competition in school reform: Comment on Merrifield's "Imagined evidence and false imperatives"

Berg, Nathan - Volkswirtschaftliche Fakultät, … - 2009

school choice literature. The available data come mostly from limited policy experiments with only modest amounts of choice … school systems more reliant on private providers of educational services. Given the difficulty of policy experiments, this is … reform, and should be core elements of prescriptive policy analysis. …

Persistent link: https://www.econbiz.de/10008694160

Experiments to generate new data about school choice

Berg, Nathan - Volkswirtschaftliche Fakultät, … - 2009

Behavioral/experimental economics is poised to enter a new phase in its relatively brief intellectual history, moving beyond empirical tests of standard behavioral assumptions in the social sciences to the problem of designing improved institutions that are tuned to fit real-world behavior. For...

Persistent link: https://www.econbiz.de/10008694149

Behavioral Economics

Berg, Nathan - Volkswirtschaftliche Fakultät, … - 2010

critically on the role of empirical realism and continued use of as-if methodology in behavioral economics. Problems in normative …

Persistent link: https://www.econbiz.de/10008756513

As-if behavioral economics: Neoclassical economics in disguise?

Berg, Nathan; Gigerenzer, Gerd - Volkswirtschaftliche Fakultät, … - 2010

For a research program that counts improved empirical realism among its primary goals, it is surprising that behavioral economics appears indistinguishable from neoclassical economics in its reliance on “as-if” arguments. “As-if” arguments are frequently put forward in behavioral...

Persistent link: https://www.econbiz.de/10008756521

Demand for Self Control: A model of Consumer Response to Programs and Products that Moderate Consumption

Berg, Nathan; Kim, Jeong-Yoo - Volkswirtschaftliche Fakultät, … - 2010

Is it better to apply effort to increase personal consumption, or control what one wants? The model presented here provides a characterization of demand for self control, namely, its responsiveness to price and risk. Unlike most other models of self control, the model does not identify self...

Persistent link: https://www.econbiz.de/10008693565

Dynamic correlation: A tool hedging house-price risk?

Berg, Nathan; Gu, Anthony Y.; Lien, Donald - Volkswirtschaftliche Fakultät, … - 2007

Dynamic correlation models demonstrate that the relationship between interest rates and housing prices is non-constant. Estimates reveal statistically significant time fluctuations in correlations between housing price indexes and Treasury bonds, the S&P 500 Index, and stock prices of...

Persistent link: https://www.econbiz.de/10008694163

Heuristics and public policy : decision making under bounded rationality

Dhami, Sanjit S.; Al-Nowaihi, Ali; Sunstein, Cass R. - 2018

How do human beings make decisions when, as the evidence indicates, the assumptions of the Bayesian rationality approach in economics do not hold? Do human beings optimize, or can they? Several decades of research have shown that people possess a toolkit of heuristics to make decisions under...

Persistent link: https://www.econbiz.de/10011926917

How to cope with (new) uncertainties : a bounded rationality approach

Güth, Werner; Kliemt, Hartmut - 2015

A rigorous reconstruction of scenario-based real choice making reveals the incompleteness of decision-modeling and the practical prevalence of uncertainty. Theoretically complete models conceal it. As a remedy a scenario-based procedure of coping with uncertainty can prescribe how the boundedly...

Persistent link: https://www.econbiz.de/10011283827

Imitation in location choice

Berg, Nathan - Volkswirtschaftliche Fakultät, … - 2008

Under the assumption of perfect competition, it is difficult to avoid the conclusion that abandoned properties and long undeveloped neighborhoods remain that way because they are unprofitable. In contrast, this paper introduces a model in which firms systematically overlook neighborhoods with...

Persistent link: https://www.econbiz.de/10008693537