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Reason, Emotion and Information Processing in the Brain

Brocas, Isabelle; Carrillo, Juan D - C.E.P.R. Discussion Papers - 2007

Building on evidence from neurobiology and neuroscience, we model the physiological limitations faced by individuals in the process of decision-making that starts with sensory perception and ends in action selection. The brain sets a neuronal threshold, observes whether the neuronal cell firing...

Persistent link: https://www.econbiz.de/10005656356

Penalty Shoot-Outs: Before or After Extra Time?

Carrillo, Juan D - C.E.P.R. Discussion Papers - 2006

This paper proposes a rule to determine the winner of a soccer match which is different from the traditional penalty shoot-outs at the end of extra time. We show that games can be more attractive if penalties are shot before extra time and the outcome counts only if the tie is preserved during...

Persistent link: https://www.econbiz.de/10005662167

The Brain as a Hierarchical Organization

Brocas, Isabelle; Carrillo, Juan D - C.E.P.R. Discussion Papers - 2005

We model the brain as a multi-agent organization. Based on recent neuroscience evidence, we assume that different systems of the brain have different time-horizons and different access to information. Introducing asymmetric information as a restriction on optimal choices generates endogenous...

Persistent link: https://www.econbiz.de/10005662301

Why Are Middle-Aged People so Depressed?: Evidence from West Germany

Brockmann, Hilke - Forschungsbasierte Infrastruktureinrichtung … - 2009

Does happiness vary with age? The evidence is inconclusive. Some studies show happiness to increase with age (Diener et … Christian, 1998; Blanchflower and Oswald, 2008) or highest happiness levels occurring during middle age (Easterlin, 2006 … and cohorteffects. Secondly, all empirical research lacks a theoretical explanation as to why age affects happiness. The …

Persistent link: https://www.econbiz.de/10008611297

The Effect of Subsidized Employment on Happiness

Crost, Benjamin - Forschungsbasierte Infrastruktureinrichtung … - 2011

While a large body of evidence suggests that unemployment and self-reported happiness are negatively correlated, it is … not clear whether this reflects a causal effect of unemployment on happiness and whether subsidized employment can … increase the happiness of the unemployed. To close this gap, this paper estimates the causal effect of a type of subsidized …

Persistent link: https://www.econbiz.de/10009147484

Does Unemployment Hurt Less if There Is More of It Around?: A Panel Analysis of Life Satisfaction in Germany and Switzerland

Oesch, Daniel; Lipps, Oliver - Forschungsbasierte Infrastruktureinrichtung … - 2011

This paper examines the existence of a habituation effect to unemployment: Do the unemployed suffer less from job loss if unemployment is more widespread, if their own unemployment lasts longer and if unemployment is a recurrent experience? The underlying idea is that unemployment hysteresis may...

Persistent link: https://www.econbiz.de/10009220611

Migrant's Pursuit of Happiness: The Impact of Adaption, Social Comparison and Relative Deprivation; Evidence from a 'Natural' Experiment

Melzer, Silvia Maja; Muffels, Ruud J. - Forschungsbasierte Infrastruktureinrichtung … - 2012

The German reunification, which several economists have called a 'natural' experiment, provides the unique possibility to inquire the impact of migration on subjective well-being (SWB). The main goal of the research is to assessing the impact of adaptation, social comparison and relative...

Persistent link: https://www.econbiz.de/10010818242

A Cautionary Note on Using Industry Affiliation to Predict Income

Pischke, Jörn-Steffen; Schwandt, Hannes - C.E.P.R. Discussion Papers - 2012

Many literatures investigate the causal impact of income on economic outcomes, for example in the context of intergenerational transmission or well-being and health. Some studies have proposed to use employer wage differentials and in particular industry affiliation as an instrument for income....

Persistent link: https://www.econbiz.de/10011083623

Subjective and Objective Indicators of Racial Progress

Stevenson, Betsey; Wolfers, Justin - C.E.P.R. Discussion Papers - 2013

Progress in closing differences in many objective outcomes for blacks relative to whites has slowed, and even worsened, over the past three decades. However, over this period the racial gap in well-being has shrunk. In the early 1970s data revealed much lower levels of subjective well-being...

Persistent link: https://www.econbiz.de/10011084479

Self-Reported Satisfaction and the Economic Crisis of 2007-10: Or How People in the UK and Germany Perceive a Severe Cyclical Downturn

Mertens, Antje; Beblo, Miriam - Forschungsbasierte Infrastruktureinrichtung … - 2013

Self-reported satisfaction measures respond to a great variety of socio-demographic characteristics as well as the job and living environment. In this paper we ask whether the recent financial market crisis has caused a deterioration of satisfaction not only for the unemployed but also for those...

Persistent link: https://www.econbiz.de/10011185778