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How might bounded rationality shape decisions to spend? A field experiment verifies a theory of bounded rationality as … (1) eliminating deliberation costs will increase purchasing at a higher price without impacting behavior at a lower price …, (2) bounded rationality has certain greater effects on poorer people, and (3) deliberation costs can suppress screening …
Persistent link: https://www.econbiz.de/10008554086
outperform the standard three low frequency survey measures in tests of accuracy, predictive power, and rationality, indicating …
Persistent link: https://www.econbiz.de/10009647457
The Earned Income Tax Credit (EITC) is intended to encourage work. But EITC-induced increases in labor supply may drive wages down, shifting the intended transfer toward employers. I simulate the economic incidence of the EITC under a range of plausible supply and demand elasticities. In all of...
Persistent link: https://www.econbiz.de/10011149928
The Earned Income Tax Credit (EITC) is intended to encourage work. But EITC-induced increases in labor supply may drive wages down, shifting the intended transfer toward employers. I simulate the economic incidence of the EITC under a range of plausible supply and demand elasticities. In all of...
Persistent link: https://www.econbiz.de/10005004253
partners of India and highlight the need for greater policy focus in case of these new trade partners of India towards …
Persistent link: https://www.econbiz.de/10013309378
changing factor endowment, changing pattern of trade and the production structure of a developing economy like India. The past …
Persistent link: https://www.econbiz.de/10013309891
display no difference in rationality from population averages and there is evidence of altruism among participants. We provide …
Persistent link: https://www.econbiz.de/10013471373
to the generalized axiom of revealed preference (a proxy for rationality) increases. Our results are taken from a field …
Persistent link: https://www.econbiz.de/10013187886
This paper investigates whether individual investors adjust their stock trading according to their stock selection abilities, which can be inferred from their trading history. Fixed-effect panel regressions provide strong evidence that the ability to forecast future stock returns significantly...
Persistent link: https://www.econbiz.de/10005130195
What is the 99% and why does it exist? In this paper an attempt is made to explain why socio-economic unrest remains a modern problem. An effort has to be made to understand the origins of strife in systemic design of modern economics. Without this knowledge it may not be possible to fix the...
Persistent link: https://www.econbiz.de/10011111415