Working Papers

WP 2021-04 Neo-Samuelsonian Methodology, Normative Economics, and the Quantitative Intentional Stance

Posted On June 14, 2021
Categories Working Papers, WP 2021

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AUTHORS: Don Ross

ABSTRACT: Wade Hands (2013) critically consolidated a new and growing approach to revealed preference interpretations and methods, which he called “Contemporary Revealed Preference Theory” (CRPT). He recognised that CRPT is folded into a more comprehensive philosophy of economics due to Don Ross, which Ross dubs “Neo-Samuelsonian Philosophy of… more »

WP 2021-03 Crowded Out: Heterogeneity in Risk Attitudes Among Poor Households in the US

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AUTHORS: Arianna Galliera and E. Elisabet Rutström

ABSTRACT: Not much is known about the heterogeneity of risk attitudes among poor households in rich countries. This paper provides estimates from a unique data set collected among the urban poor in Atlanta, Georgia. The data set includes lab-in-the-field… more »

WP 2021-02 Give Me a Challenge or Give Me a Raise

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Published in 2021 in Experimental Economics.

AUTHORS: Aleksandr Alekseev

ABSTRACT: I study the effect of task difficulty on workers’ effort. I find that task difficulty has an inverse-U effect on effort and that this effect is quantitatively large, especially when compared to the effect of conditional monetary rewards. Difficulty acts as… more »

WP 2020-22 Subjective Beliefs and Economic Preferences During the COVID-19 Pandemic

Posted On December 14, 2020
Categories Working Papers, WP 2020

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AUTHORS: Glenn W. Harrison, Andre Hofmeyr, Harold Kincaid, Brian Monroe, Don Ross, Mark Schneider and J. Todd Swarthout

ABSTRACT: The COVID-19 pandemic presents a remarkable opportunity to put to work all of the research that has been undertaken in past decades on the elicitation and structural estimation of subjective belief distributions… more »

WP 2020-21 A Case Study of an Experiment During the COVID-19 Pandemic: Online Elicitation of Subjective Beliefs and Economic Preferences

Posted On December 14, 2020
Categories Working Papers, WP 2020

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AUTHORS: Glenn W. Harrison, Andre Hofmeyr, Harold Kincaid, Brian Monroe, Don Ross, Mark Schneider and J. Todd Swarthout

ABSTRACT: We convey our experiences developing and implementing an online experiment to elicit subjective beliefs and economic preferences. The COVID-19 pandemic and associated closures of our laboratories required us to conduct an online… more »

WP 2020-20 Eliciting Beliefs about COVID-19 Prevalence and Mortality: Epidemiological Models Compared with The Street

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Forthcoming, Methods

AUTHORS: Glenn W. Harrison, Andre Hofmeyr, Harold Kincaid, Brian Monroe, Don Ross, Mark Schneider, J. Todd Swarthout

ABSTRACT: Subjective belief elicitation about uncertain events has a long lineage in the economics and statistics literatures. Recent developments in the experimental elicitation and statistical estimation of subjective belief distributions allow… more »

WP 2020-19 Strategic Theory of Norms for Empirical Applications in Political Science and Political Economy

Posted On November 3, 2020
Categories Working Papers, WP 2020

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AUTHORS: Don Ross, Wynn C. Stirling, and Luca Tummolini

ABSTRACT: We adapt Bicchieri’s (2006, 2017) account of norms as aligned descriptive and normative expectations for application to identification and estimation of laboratory choice data. This involves a number of steps. First, borrowing from Kuran (1995), we amend the form of… more »

WP 2020-18 Random Preference Models of Unidimensional and Multidimensional Risk Attitudes

Posted On October 20, 2020
Categories Working Papers, WP 2020

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AUTHORS: Morten I. Lau & Hong Il Yoo

ABSTRACT: Apesteguia and Ballester [2018] introduce the class of Ω-ordered lottery pairs that nests popular experimental designs such as multiple price lists. For this class, they show that the Random Preference (RP) model with Expected Utility Theory (EUT) generates choice probabilities which… more »