Forthcoming – Philosophy and Interdisciplinary Social Science: A Dialogue
ABSTRACT: Behavioral econometrics is one part of a methodological trinity that includes theory, data collection and econometrics. Sometimes, on a good methodological day, there are few demands on the econometrician and the data can just be described and summarized, or elementary statistical… more »
ABSTRACT: Non-performance lies at the heart of much of the regulation that insurance companies face. We provide a behavioral evaluation of the welfare effects of non-performance risk, keeping close to the canonical theoretical framework of Doherty and Schlesinger . We find that there is a significant reduction in efficiency, our preferred… more »
*Note that this paper was previously listed as WP 2016-02 Gambling Problems in the General Danish Population: Survey Evidence, and then was inadvertently reposted as 2017-02. Both links should direct you to this page, and should there be any newer versions, we will update this page.
ABSTRACT: We study Danish adult… more »
ABSTRACT: Much behavioral welfare economics assumes that Expected Utility Theory (EUT) does not accurately describe most human choice under risk. A substantial literature instead evaluates welfare consequences by taking Cumulative Prospect Theory (CPT) as the natural default alternative, at least where description is concerned. We present evidence, based on a review… more »