Results 201 to 210 of about 25,210 (217)

Welfare Comparisons for Biased Learning

The American Economic Review
We study robust welfare comparisons of learning biases (misspecified Bayesian and some forms of non-Bayesian updating). Given a true signal distribution, we deem one bias more harmful than another if it yields lower objective expected payoffs in all ...
Mira Frick, Ryota Iijima, Y. Ishii
semanticscholar   +1 more source

The Gender Gap in Confidence: Expected But Not Accounted For

Social Science Research Network
We investigate how the gender gap in confidence affects the views that evaluators (e.g., employers) hold about men and women. We find the confidence gap is contagious, causing evaluators to form overly pessimistic beliefs about women.
C. Exley, Kirby Nielsen
semanticscholar   +1 more source

Political Social Learning: Short-Term Memory and Cycles of Polarization

The American Economic Review
This paper investigates the effect of voters’ short-term memory on political outcomes by considering politics as a collective learning process. We find that short-term memory may lead to cycles of polarization and consensus across parties’ platforms ...
Gilat Levy, R. Razin
semanticscholar   +1 more source

Communicating Program Eligibility: A Supplemental Security Income (SSI) Field Experiment

American Economic Journal: Economic Policy
We conducted a direct mail field experiment with 4,016,461 individuals to test several key hypotheses about why take-up of Supplemental Security Income among individuals age 65 and above is so low.
Jeffrey Hemmeter, John Phillips, E. Safran, Nicholas Wilson   +3 more
semanticscholar   +1 more source

Consistent Depth of Reasoning in Level-k Models

American Economic Journal: Microeconomics
Level-k models often assume that individuals employ a fixed depth of reasoning across different games. We study this assumption by having subjects make choices in five classes of games chosen to identify inconsistent depth of reasoning.
D. Cooper, Enrique Fatas, Antonio J. Morales, Shi Qi   +3 more
semanticscholar   +1 more source

Panics and Early Warnings

Journal of Political Economy
We show how early warning about an impending regime change eliminates panic. Agents anticipate a future shock and decide when to attack. Waiting is costly, especially when others attack and cause a regime change while one waits. This may create panic. We
Deepal Basak, Zhen Zhou
semanticscholar   +1 more source

When Big Data Enables Behavioral Manipulation

American Economic Review: Insights
We build a model of online behavioral manipulation driven by AI advances. A platform dynamically offers one of n products to a user who slowly learns product quality.
D. Acemoglu, A. Makhdoumi, Azarakhsh Malekian, A. Ozdaglar   +3 more
semanticscholar   +1 more source

Competing to Commit: Markets with Rational Inattention

Social Science Research Network
Two homogeneous-good firms compete for a consumer’s unitary demand. The consumer is rationally inattentive and pays entropy costs to process information about firms’ offers. Compared to a collusion benchmark, competition produces two effects.
Carlo Cusumano, Francesco Fabbri, Ferdinand Pieroth   +2 more
semanticscholar   +1 more source

Consumer Search and Product Returns in E-Commerce

American Economic Journal: Microeconomics
E-commerce has led to a surge in products being returned after purchase. We analyze product returns as resulting from a trade-off between the social waste of returns and the search efficiency gains of being able to inspect a product’s value after ...
Maarten C. W. Janssen, Cole Williams
semanticscholar   +1 more source

The Economics of Social Media

Social Science Research Network
We provide a guide to the burgeoning literature on the economics of social media. We first define social media platforms and highlight their unique features.
Guy Aridor, Rafael Jiménez-Durán, Ro’ee Levy, Lena Song   +3 more
semanticscholar   +1 more source