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作者：Cesarini, David; Lichtenstein, Paul; Johannesson, Magnus; Wallace, Bjoern
作者单位：Massachusetts Institute of Technology (MIT); Karolinska Institutet; Stockholm School of Economics
摘要：Empirical evidence suggests that people on average overestimate their own ability in a variety of circumstances. Little is known, however, about the origins of such overconfidence. To shed some light on this issue, we use the classic twin design to estimate the genetic and environmental contributions to individual differences in overconfidence. We collect data on overconfidence among 460 twin pairs. Overconfidence is measured as the difference between the perceived and actual rank in cognitive...
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作者：Clark, Andrew E.; Kristensen, Nicolai; Westergard-Nielsen, Niels
作者单位：Paris School of Economics; Aarhus University
摘要：We contribute to the literature on well-being and comparisons by appealing to new Danish data dividing the country up into around 9,000 small neighbourhoods. Administrative data provides us with the income of every person in each of these neighbourhoods. This income information is matched to demographic and economic satisfaction variables from eight years of Danish ECHP data. Panel regression analysis shows that, conditional on own household income, respondents report higher satisfaction level...
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作者：Bernheim, B. Douglas
作者单位：Stanford University
摘要：This paper discusses several competing proposals for general normative frameworks that would encompass non-standard models of choice. Most existing proposals equate welfare with wellbeing. Some assume that well-being flows from the achievement of well-defined objectives, and that those objectives also guide choices; the trick is to formulate a framework in which less-than-completely coherent choice patterns reveal the unobserved objectives. Others are predicated on the contention that well-bei...
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作者：Crepon, Bruno; Ferracci, Marc; Jolivet, Gregory; van den Berg, Gerard J.
作者单位：Japan Science & Technology Agency (JST); University of Bristol; Vrije Universiteit Amsterdam
摘要：This paper implements a method to identify and estimate treatment effects in a dynamic setting where treatments may occur at any point in time. By relating the standard matching approach to the timing-of-events approach, it demonstrates that effects of the treatment on the treated at a given date can be identified although non-treated may be treated later in time. The approach builds on a no anticipation assumption and the assumption of conditional independence between the duration until treat...
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作者：Daly, Michael; Harmon, Colm P.; Delaney, Liam
作者单位：Trinity College Dublin; University College Dublin
摘要：This paper considers the relationship between the economic concept of time preference and relevant concepts from psychology and biology. Using novel data from a time diary study conducted in Ireland that combined detailed psychometric testing with medical testing and real-time bio-tracking, we examine the extent to which individual differences in financial discounting are related to underlying biological and psychological differences. The paper finds that financial discounting is related to a ...
