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 2020-20 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 2020-16 Experimental Design and Bayesian Interpretation

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Prepared for H. Kincaid and D. Ross (eds.), Modern Guide to the Philosophy of Economics (Cheltenham, UK: Elgar, forthcoming 2021).

AUTHORS: Glenn W. Harrison

ABSTRACT: If we take seriously the intent to improve welfare for individuals with experimental interventions, then we must allow that we are also capable of doing… more »

WP 2020-07 Literacy and the Quality of Index Insurance Decisions

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Published in 2021 in Geneva Risk & Insurance Review.

AUTHORS: Glenn Harrison, Karlijn Morsink and Mark Schneider

ABSTRACT: There is widespread concern in developing countries with the expansion of formal insurance products to help manage significant risks. These concerns arise primarily from a lack of understanding of insurance products, general… more »

WP 2019-03 The Behavioral Welfare Economics of Insurance

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Published in 2019 in The Geneva Risk and Insurance Review, Volume 44, Issue 2.

AUTHORS: Glenn W. Harrison

ABSTRACT: Behavioral economics poses a challenge for the welfare evaluation of insurance products and policy. It demands that we recognize that the descriptive account of behavior toward insurance depends on risk and… more »

WP 2019-02 Behavioral Insurance and Economic Theory: A Literature Review

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Published in 2019 in Risk Management & Insurance Review, Volume 22.

AUTHORS: Glenn W. Harrison and Jia Min Ng

ABSTRACT: Decisions to purchase insurance should be a perfect place to see economic theory at work in general, and behavioral economics at work in particular. We have well‐developed theories of the… more »

WP 2018-06 Eye-Tracking and Economic Theories of Choice Under Risk

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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 »

WP 2017-06 Behavioral Responses to Surveys About Nicotine Dependence

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Published in 2017 in Health Economics, Volume 26, Issue S3.

AUTHORS: Glenn W. Harrison

ABSTRACT: Behavioral responses to surveys can significantly affect inferences about population prevalence unless correctly modeled statistically. An important case study is the prevalence of nicotine dependence, a formal psychiatric disorder satisfying clinical criteria. Data from the National… more »

WP 2017-04 The Methodologies of Behavioral Econometrics

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Published in Contemporary Philosophy and Social Science: An Interdisciplinary Dialogue, edited by Michiru Nagatsu, and Attilia Ruzzene, London: Bloomsbury Publishing Plc, 2019.

AUTHORS: Glenn W. Harrison

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… more »