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Towards a Unity of the Human Behavioral Sciences
Despite their distinct objects of study, the human behavioral sciences all include models of individual human behavior. Unity in the behavioral sciences requires that there be a common underlying model of individual human behavior, specialized and ...
Herbert Gintis
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Orientation: Poverty is deeply entrenched in South Africa, and various initiatives to reduce it have not been successful. Behavioural economics may help explain this by testing whether individuals exhibit path dependence when making decisions under ...
Syden Mishi+3 more
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Neural network models of learning and categorization in multigame experiments
Previous research has shown that regret-driven neural networks predict behavior in repeated completely mixed games remarkably well, substantially equating the performance of the most accurate established models of learning.
Davide eMarchiori, Massimo eWarglien
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The Evolution of Homo Economicus
The article provides a review of the ways in which interdisciplinary research in modern economic thought gives a more realistic understanding of human behavior and economic decision making. On the one hand, economic imperialism drove wider application of
Natalia V. Komarovskaia
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Valuing Ambiguity: The Case of Genetically Engineered Growth Enhancers
A split-valuation method is developed and implemented to elicit the willingness to pay to consume- or avoid consuming- a product of ambiguous quality.
Brian L. Buhr+3 more
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Toward a cognitive science of markets: economic agents as sense-makers
Behavioral economics aspires to replace the agents of neoclassical economics with living, breathing human beings. Here, the author argues that behavioral economics, like its neoclassical counterpart, often neglects the role of active sense-making that ...
Johnson Samuel G.B.
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Resistant grape varieties and market acceptance: an evaluation based on experimental economics
We analyze consumers’ evaluations of white wines from resistant varieties, produced in the Languedoc winegrowing region of France (2016 vintage). We use the results from a laboratory experiment performed in Paris in June 2017, where a panel of more than ...
Alejandro Fuentes Espinoza+4 more
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For most countries of the world, overcoming the economic consequences of the pandemic assumed a softening of monetary policy, which elevated inflation expectations. Their return to moderate values has become one of the key objectives of the central banks’
Irina A. Beloglazova+2 more
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A number of studies discuss whether and how economists differ from other disciplines in the amount that they contribute to public goods. We view this debate as incomplete because it neglects the willingness to sanction non-cooperative behavior, which is ...
Jonas Pilgaard Kaiser+2 more
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Polarized Preferences in Homegrown Value Auctions
Homegrown value-auction experiments are useful for exploring preferences for controversial product attributes. These auctions have emphasized estimating the effect of the attribute on the willingness to pay (WTP) for a product.
Terrance M. Hurley+2 more
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