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作者：Ortoleva, Pietro; Snowberg, Erik
作者单位：Columbia University; California Institute of Technology
摘要：This paper studies, theoretically and empirically, the role of overconfidence in political behavior. Our model of overconfidence in beliefs predicts that overconfidence leads to ideological extremeness, increased voter turnout, and stronger partisan identification. The model also makes nuanced predictions about the patterns of ideology in society. These predictions are tested using unique data that measure the overconfidence and standard political characteristics of a nationwide sample of over...
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作者：Cheung, Stephen L.
作者单位：University of Sydney
摘要：Andreoni and Sprenger (2012a, b) report evidence that distinct utility functions govern choices under certainty and risk. I investigate the robustness of this result to the experimental design. I find that the effect disappears completely when a multiple price list instrument is used instead of a convex time budget design. Alternatively, the effect is reduced by half when sooner and later payment risks are realized using a single lottery instead of two independent lotteries. The result is thus...
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作者：Kostol, Andreas Ravndal; Mogstad, Magne
作者单位：University of Bergen; University of Chicago
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作者：Martinez, Elizabeth A.; Beaulieu, Nancy; Gibbons, Robert; Pronovost, Peter; Wang, Thomas
作者单位：Harvard University; Harvard University Medical Affiliates; Massachusetts General Hospital; Harvard University; Harvard T.H. Chan School of Public Health; Massachusetts Institute of Technology (MIT); Johns Hopkins University
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作者：Murphy, Kevin M.
作者单位：University of Chicago; University of Chicago
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作者：Bailey, Martha J.; Goodman-Bacon, Andrew
作者单位：University of Michigan System; University of Michigan
摘要：This paper uses the rollout of the first Community Health Centers (CHCs) to study the longer-term health effects of increasing access to primary care. Within ten years, CHCs are associated with a reduction in age-adjusted mortality rates of 2 percent among those 50 and older. The implied 7 to 13 percent decrease in one-year mortality risk among beneficiaries amounts to 20 to 40 percent of the 1966 poor/non-poor mortality gap for this age group. Large effects for those 65 and older suggest that...
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作者：Favara, Giovanni; Imbs, Jean
作者单位：Federal Reserve System - USA; Federal Reserve System Board of Governors; Paris School of Economics; Centre National de la Recherche Scientifique (CNRS)
摘要：An exogenous expansion in mortgage credit has significant effects on house prices. This finding is established using US branching deregulations between 1994 and 2005 as instruments for credit. Credit increases for deregulated banks, but not in placebo samples. Such differential responses rule out demand-based explanations, and identify an exogenous credit supply shock. Because of geographic diversification, treated banks expand credit: housing demand increases, house prices rise, but to a less...
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作者：Ok, Efe A.; Ortoleva, Pietro; Riella, Gil
作者单位：New York University; Columbia University; Universidade de Brasilia
摘要：This paper develops axiomatically a revealed preference theory of reference-dependent choice behavior. Instead of taking the reference for an agent as exogenously given in the description of a choice problem, we suitably relax the Weak Axiom of Revealed Preference to obtain, endogenously, the existence of reference alternatives as well as the structure of choice behavior conditional on those alternatives. We show how this model captures some well-known choice patterns such as the attraction ef...
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作者：Bajari, Patrick; Nekipelov, Denis; Ryan, Stephen P.; Yang, Miaoyu
作者单位：University of Washington; University of Washington Seattle; National Bureau of Economic Research; University of Virginia; University of Texas System; University of Texas Austin
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作者：Dafny, Leemore; Hendel, Igal; Wilson, Nathan
作者单位：Northwestern University; Northwestern University
