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AUTHORS: Glenn W. Harrison, Andre Hofmeyr, Harold Kincaid, Don Ross and J. Todd Swarthout
ABSTRACT: Addictions are typically characterised by cycles of abstinence and… more »
Published in 2019 in Journal of the Economic Science Association, Volume 5, Issue 1.
AUTHORS: Glenn W. Harrison and J. Todd Swarthout
ABSTRACT: We examine the ability of eye movement data to help understand the determinants of decision-making over risky prospects. We start with structural models of choice under risk,… more »
*Note that this is an older version of this paper. There have been considerable changes since this version, and we have posted the new version as WP 2021-03 Crowded Out: Heterogeneity in Risk Attitudes Among Poor Households in the US.
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AUTHORS: George Ainslie, Glenn W. Harrison, Morten I. Lau, Don Ross, Alexander Schuhr and J. Todd Swarthout
ABSTRACT: Economists and psychologists have sought to model and explain both impulsive behavior and the costly but often successful mechanisms by which people control it. Ainslie [1975][1992][2001] suggests that self-control is often achieved… more »
AUTHORS: Steffen Andersen, Philippe d’Astous, Jimmy Martínez-Correa and Stephen H. Shore
ABSTRACT: We study consumers’ responses to removing a saving constraint. Mortgage run-offs predictably relax a saving constraint for borrowers whose mortgage committed them to save by paying down principal. Using the entire Danish population, we identify mortgages on track to… more »
AUTHORS: Ajay Subramanian and Jinjing Wang
ABSTRACT: We provide a novel explanation for the low volume of securitization in catastrophe risk transfer using a signaling model. Relative to securitization, reinsurance features lower adverse selection costs because reinsurers possess superior underwriting resources than ordinary capital market investors. Reinsurance premia, however, reflect… more »
AUTHORS: Aleksandr Alekseev, Glenn W. Harrison, Morten Lau and Don Ross
ABSTRACT: Theoretical work on stochastic choice mainly focuses on the sources of choice randomness, and less on its economic consequences. We attempt to close this gap by developing a method of extracting information about the monetary costs of noise from… more »
