1,721,338 research outputs found
Menu Choice, Environmental Cues and Temptation: A “Dual Self” Approach to Self-control
Full text linkSimulating the Metropolis-DDM algorithm
No full textScripts for the Metropolis-DDM algorithm proposed in the paper "Multinomial Logit Processes and Preference Discovery: Inside and Outside the Black Box, by Simone Cerreia-Vioglio, Fabio Maccheroni, Massimo Marinacci, and Aldo Rustichini, Review of Economic Studies, forthcoming
Outrunning the Gender Gap – Boys and Girls Compete Equally
Full text linkRecent studies find that women are less competitive than men. This gender difference in competitiveness has been suggested as one possible explanation for why men occupy the majority of top positions in many sectors. In this study we explore competitiveness in children, with the premise that both context and gendered stereotypes regarding the task at hand may influence competitive behavior. A related field experiment on Israeli children shows that only boys react to competition by running faster when competing in a race. We here test if there is a gender gap in running among 7-10 year old Swedish children. We also introduce two female sports, skipping rope and dancing, to see if competitiveness is task dependent. We find no gender difference in reaction to competition in any task; boys and girls compete equally. Studies in different environments with different types of tasks are thus important in order to make generalizable claims about gender differences in competitiveness.competitiveness; gender differences; field experiment
Creative destruction and business cycles
Full text linkIn a dynamic general equilibrium setup, this paper aims at providing a general framework for the analysis of the role of vintages and creative destruetion on business fluctuations. By stressing the forward-looking behavior of the optimal scrapping rule, we use a standard rational expectations argument to show) in the linear utility case, the time independence of the scrapping function. Secondly, we prove that equilibrium output shows a purely periodic behavior around an exponential growth trend, the pattern of the cycle being deterrnined by the pattern of initial conditions. The vintage capital model presented in this paper provides a new view on business fluctuations: historical conditions are at the basis of business fluctuations, in the sense that historically volatile or stable econornies will reproduce their own historical pattern in the future
Creative destruction and business cycles.
Full text linkIn a dynamic general equilibrium setup, this paper aims at providing a general framework for the analysis of the role of vintages and creative destruetion on business fluctuations. By stressing the forward-looking behavior of the optimal scrapping rule, we use a standard rational expectations argument to show) in the linear utility case, the time independence of the scrapping function. Secondly, we prove that equilibrium output shows a purely periodic behavior around an exponential growth trend, the pattern of the cycle being deterrnined by the pattern of initial conditions. The vintage capital model presented in this paper provides a new view on business fluctuations: historical conditions are at the basis of business fluctuations, in the sense that historically volatile or stable econornies will reproduce their own historical pattern in the future.Business Cycle; Creative Destruction; Periodic Equilibria; Vintage Capital;
Syntactic foundations for unawareness of theorems
Full text linkWe provide a syntactic model of unawareness. By introducing multiple knowledge modalities, one for each sub-language, we specifically model agents whose only mistake in reasoning (other than their unawareness) is to underestimate the knowledge of more aware agents. We show that the model is a complete and sound axiomatization of the set-theoretic model of Galanis [2007] and compare it with other unawareness models in the literature
Why blame?
Full text linkWe provide experimental evidence that subjects blame others based on events they are not responsible for. In our experiment an agent chooses between a lottery and a safe asset; payment from the chosen option goes to a principal who then decides how much to allocate between
the agent and a third party. We observe widespread blame: regardless of their choice, agents are blamed by principals for the outcome of the lottery, an event they are not responsible for. We provide an explanation of this apparently irrational behavior with a delegated-expertise
principal-agent model, the subjects’ salient perturbation of the environment
Who is on the rise in Austria: Wage mobility and mobility risk
Full text linkIn this paper we investigate earnings mobility in Austria from the angle of individual persons: earnings mobility over time has two aspects: positional changes and the volatility of earnings over time. Whereas the further is a positive outcome, more volatility as such can be seen as negative. We use Austrian data from tax authorities to find out how population characteristics are related to these two concepts of earnings mobility.Earnings mobility, earnings volatility, relative income positions
The Hot Hand, Competitive Experience, and Performance Differences by Gender
Full text linkUsing data on junior golf tournaments, we find evidence that the “hot hand” does exist, and that its prevalence decreases as golfers gain experience. This provides an explanation as to why studies that consider professional athletes conclude that the hot hand does not exist. We also show that females are much more likely to experience the hot hand compared with similar males, and provide evidence that this disparity is driven by differences in competitive experience. As golfers’ experience increases, gender dissimilarities disappear. We argue that exposure to competition may also drive other gender differences identified in competitive environments.
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