WP 2023-06 The End of Behavioral Insurance

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Forthcoming, Georges Dionne (ed.) Handbook of Insurance (New York: Springer, 2024, Third Edition)

AUTHORS: Glenn W. Harrison

ABSTRACT: Our descriptive understanding of observed insurance behavior has been enhanced by considering alternative modeling approaches, and promises to do the same to our normative evaluation of that behavior. Those alternatives come from… more »

WP 2023-02 Behavioral Welfare Economics and the Quantitative Intentional Stance

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Forthcoming in G.W. Harrison and D. Ross (eds.), Models of Risk Preferences: Descriptive and Normative Challenges, (Bingley, UK: Emerald, Research in Experimental Economics, 2023).

AUTHORS: Glenn W. Harrison and Don Ross

ABSTRACT: Behavioral economics poses a challenge for the welfare evaluation of choices, particularly those that involve risk. It demands… more »

WP 2022-01 Real Choices and Hypothetical Choices

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Forthcoming, Handbook of Choice Modeling

AUTHORS: Glenn W. Harrison

ABSTRACT: There is evidence that behavior changes when individuals make choices over hypothetical scenarios and stakes rather than real scenarios and stakes. What is the nature of this evidence, and how significant is it for different types of inferences? In particular,… 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

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Published in 2022 in Experimental Economics, Volume 25.

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… more »

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

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Published in 2021 in Methods, Volume 195.

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… 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, Volume 47.

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… more »

WP 2019-04 Endogenous Choice of Institutional Punishment Mechanisms to Promote Social Cooperation

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Published in 2022 in Public Choice, Volume 191.

AUTHORS: Anabela Botelho, Glenn W. Harrison, Lígia M. Costa Pinto, Don Ross and Elisabet E. Rutström

ABSTRACT: Does the desirability of social institutions for public goods provision depend on the extent to which they include mechanisms for endogenous enforcement of cooperative behavior?… more »